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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Azeri oil fund to help finance TANAP to take Azeri gas to Turkey

Posted on 09 November 2012

Azerbaijan’s $33 billion state oil fund is to help finance the $8 billion Trans-Anatolian natural gas pipeline project (TANAP) to take Azeri gas to Turkey and to markets in Europe.
Turkey has a 20 percent stake in TANAP, while Azerbaijan’s state oil company SOCAR holds 80 percent. SOCAR offered BP, Statoil and Total to buy 29 percent of the total from its stake in September………………………………………..Full Article: Source


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