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    Bloomberg: Socar Will Share Its Stake In Tanap With Gas Partners Only

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Summary

Azeri state oil company SOCAR has announced that it will only share a stake in TANAP with companies participating in gas contracts with Azerbaijan.

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Press Notes

Bloomberg: Socar Will Share Its Stake In Tanap With Gas Partners Only

State Oil Co. of Azerbaijan said it will share its stake in the Trans-Anatolia natural-gas pipeline project, or Tanap, only with companies involved in gas projects in the Caspian Sea nation.

“Only companies participating in gas contracts in Azerbaijan will get a share of Tanap,” Rovnaq Abdullayev, president of the Baku-based company also known as Socar, told reporters in the Azeri capital today.  MORE