ENERGY - TANAP offers $8 billion in investment

ENERGY - TANAP offers $8 billion in investment:

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Over $8 billion in investment is expected to be made
in Turkey during the construction of the TANAP. AFP photo

At least $8 billion in investment will be made in Turkey during the construction of a pipeline that will carry Azeri gas through Turkey, offering a number of opportunities for local companies to benefit, Socar Turkey’s president has told daily Hürriyet.

The Trans-Anatolian Gas Pipeline (TANAP), construction on which is expected to start by the end of 2014, is expected to begin operations by 2018 with a 16 billion cubic meter capacity.

As the tender process for the pipes’ procurement has been initiated, the impetus that will emerge in the infrastructure sector in Turkey has raised excitement. Turkey’s energy minister said 28 companies, nine of which are local companies, have applied for preliminary qualification for the pipes to be used on the pipeline. "

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