Turkey, Azerbaijan ink deal for gas pipeline (UPDATED)
Turkey and Azerbaijan have signed an agreement to establish a consortium to build a pipeline to transport Azeri gas to Turkey and Europe.
The two countries' energy ministers on Monday in Ankara signed a memorandum of understanding for a consortium between Azerbaijan's state energy company SOCAR, Turkey's state-run pipeline company Botas, and the Turkish petroleum company TPAO. SOCAR has an 80 percent stake in the consortium, while the Turkish companies share 20 percent. The deal allows other oil and gas companies to join the consortium.
The projected pipeline, the Trans Anadolu, which connect Turkey's east and west,
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!