Italy Sees TAP Final Authorisation By May-End

The increasing cooperation between Azerbaijan and Italy should culminate with the Italian government granting final authorisation for TAP by the end of next month, Italian Minister of Economic Development Federica Guidi said on Wednesday on the sidelines of a ceremony for a new polypropylene plant project in Azerbaijan, in which SOCAR will work with Italy’s Maire Tecnimont. 

“We are at the last stage of the final approval” Guidi told to state news agency Azertac.

The Italian minister also said that Rome is trying to create long term economic ties between the two countries. 

On Thursday, Guidi took part to the ceremony for a €350 million contract between SOCAR Polymer and Maire Tecnimont. 

‘The contract has a total value equal to EUR350 million, and it relates to the realization of a 180,000 t/y (tons per year) polypropylene plant and relevant utilities and off sites facilities on a Engineering, Procurement and Construction (EPC) Lump Sum basis which will be located in the Sumgayit Petrochemical Complex’ reads a note released by SOCAR.