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BP Plc to buy stake in Azeri gas pipeline project TANAP - Reuters


Friday, 6 Dec 2013 10:30am EST 

BP Plc:Says it has agreed to partner Azeri state energy firm SOCAR and Turkey in the Trans-Anatolian natural gas pipeline project (TANAP) - Reuters.Says SOCAR, which currently has an 80 percent interest, will sell a 12 percent stake in TANAP, which is estimated to cost around $8 billion to $10 billion and will be built from the Turkish-Georgian border to Turkey's border with Europe.Says Turkey owns the remaining 20 percent. 

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