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    Trend News Agency: SOCAR Talks Selling of Stake in TANAP Project

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Summary

President of Azerbaijan's SOCAR Rovnag Abdullayev has said that selling a 7% stake in TANAP to SOCAR Turkey Enerji will help to finance the pipeline project

by: Erica Mills

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Trend News Agency: SOCAR Talks Selling of Stake in TANAP Project

A purchase of a stake in the Trans-Anatolian Natural Gas Pipeline (TANAP) by SOCAR Turkey Enerji is a systemic solution to issues of financing the project, the head of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev told reporters Sept.14.

He said that this process is a kind of transfer of assets within the SOCAR company, which will make it possible to solve the problems with the financing of the project.

Read the full article HERE.

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