ECONOMY


TANAP receives The Stevie Awards

Baku, October 22, AZERTAC

The Trans Anatolian Natural Gas Pipeline (TANAP) has received the US-based 2019 International Business Awards (The Stevie Awards) in the category of Corporate Social Responsibility Program of the Year - in Europe.

TANAP General Manager Saltuk Duzyol was presented the award at the ceremony held in Vienna.

The total cost of TANAP is about 8 billion dollars and 6 billion dollars have already been invested in the project.

The length of TANAP is 1,850 kilometers with an initial capacity of 16 billion cubic meters of gas. Around six billion cubic meters of this gas is meant to be delivered to Turkey, with the remaining volume to be supplied to Europe.

TANAP project envisages transportation of gas from Azerbaijan`s Shah Deniz field to the western borders of Turkey. Overall construction works on TANAP gas pipeline are 94.80 percent completed.

The share distribution in TANAP is as follows: Southern Gas Corridor CJSC (51 percent), SOCAR Turkey (7 percent), Botas (30 percent), and BP (12 percent).

© Content from this site must be hyperlinked when used.
Report a mistake by marking it and pressing ctrl + enter

FEEDBACK

Fields with * are required.

Please enter the letters as they are shown in the image above.
Letters are not case-sensitive.