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Azeri oil giant to invest $10 bln more in Turkey
BAKU - Anatolia News Agency
Energy Minister Taner Yıldız (R), Azerbaijan's Ankara Ambassador Faig
Bagirov (L) and SOCAR President Rovnag Abdullayev chat at the Sheraton
Hotel Baku.
The State Oil Company of Azerbaijan (SOCAR) intends to invest about
$10 billion in projects in Turkey in the next seven or eight years,
the company's vice president said.
`In view of the Trans-Anatolian Gas Pipeline (TANAP) construction
project, the total amount of investments in Turkey may exceed $17
billion,' Suleyman Gasimov said yesterday at the 19th international
conference on Caspian Oil and Gas in Baku, the Azeri capital.
Azerbaijan and Turkey signed a memorandum of understanding to
establish the consortium that will build the TANAP, which will supply
gas from Azerbaijan's Shah Deniz gas fields to Europe through Turkey.
BotaÅ?, Turkey's state-run oil and gas company, has a 20 percent stake
in the TANAP and the rest is owned by SOCAR.
June/08/2012
From: A. Papazian
BAKU - Anatolia News Agency
Energy Minister Taner Yıldız (R), Azerbaijan's Ankara Ambassador Faig
Bagirov (L) and SOCAR President Rovnag Abdullayev chat at the Sheraton
Hotel Baku.
The State Oil Company of Azerbaijan (SOCAR) intends to invest about
$10 billion in projects in Turkey in the next seven or eight years,
the company's vice president said.
`In view of the Trans-Anatolian Gas Pipeline (TANAP) construction
project, the total amount of investments in Turkey may exceed $17
billion,' Suleyman Gasimov said yesterday at the 19th international
conference on Caspian Oil and Gas in Baku, the Azeri capital.
Azerbaijan and Turkey signed a memorandum of understanding to
establish the consortium that will build the TANAP, which will supply
gas from Azerbaijan's Shah Deniz gas fields to Europe through Turkey.
BotaÅ?, Turkey's state-run oil and gas company, has a 20 percent stake
in the TANAP and the rest is owned by SOCAR.
June/08/2012
From: A. Papazian