Baku, October 12, AZERTAC
The British Petroleum Company (BP) would like to work on the Turkish Stream project, the BP Chief Executive Officer (CEO) Robert Dudley stated at the 23rd World Energy Congress in Istanbul, Turkey.
Dudley said that the gas component of BP’s portfolio will increase from the current 50 percent to 60 percent in the next ten years.
“In BP we’re very proud of our involvement in the Trans Anatolian Natural Gas Pipeline (TANAP) pipeline across Turkey that will be transporting 16 billion cubic meters of gas on its way to consumers here and in Europe,” he noted.
The Turkish Stream project is designed to transfer Russian natural gas to Europe via the Black Sea and Turkey. Russia and Turkey signed an agreement on construction of the Turkish Stream gas pipeline October 10 within the 23rd World Energy Congress.
BP has 12 percent in the TANAP project.