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SOCAR Turkey to purchase 7% share in TANAP

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/08/2015 (14:12)
According to media reports, SOCAR Turkey’s CEO Kenan Yavuz reported that the company will acquire a 7% stake in Turkey’s Trans Anatolia Gas Pipeline Project (TANAP) which involves construction of a 1,850 km-long pipeline to supply gas from Azerbaijan to Europe via Turkey. The pipeline construction was started in March 2015.

Yavuz also said that the Goldman Sachs is likely to sell their 13% stake in SOCAR Turkey in 2020-2021.
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