Thursday, 11 July 2013

ENERGY - Azeri Socar, BP, Total to get TAP stakes

"Azeri state energy company SOCAR and British BP will get 20 percent each, while French Total will have a 10 percent stake in the Trans Adriatic Pipeline (TAP) project, SOCAR’s president said yesterday.

Abdullayev said that the partners for the Shah Deniz development will coordinate and sign all agreements and contracts for the export of Azerbaijani gas to Europe by late 2013 which will enable them to take a final financial decision on the second stage of the Shah Deniz field development project by the end of this year. "

'via Blog this'

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