The State Oil Company of Azerbaijan (SOCAR) and BP will finish coordinating the terms of the acquisition of 12% interest in the project Trans-Anadolu Pipeline (TANAP) by BP.
The statement came from sources in BP-Azerbaijan.
"Companies BP, SOCAR and the Turkish government support the development of the project in relation to to Phase-2 of the" Shah-Deniz " field development. SOCAR approved BP’s proposal to buy a 12% stake in the project of TANAP, and we expect that the provisions of the issue will be agreed before the end of 2012", the statement says.
A consortium of "Shah Deniz" continues to evaluate the TAP pipeline and Nabucco West for Azeri gas export to Europe.
"The consortium intends to make a final decision on the choice between the two projects and related contracts for the sale of gas by mid-2013", the information says.
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