British bp, French Total and Norway's Statoil have applied to the State Oil Company of Azerbaijan (SOCAR) oil company with a proposal to buy part of the share of SOCAR in the Transanatolian Pipeline project (TANAP).
The statement came from SOCAR president Rovnag Abdullayev speaking at a news conference on Thursday.
According to him, SOCAR plans to assign 29% part of its stake in the TANAP and thus retain 51% of participation.
Abdullayev said that the construction of the pipeline is scheduled to begin in 2013.
TANAP will extend to 2000 km from the Georgian-Turkish border to the border of Turkey with Europe, its capacity - 16 billion cubic meters of gas per year further expandable.
Currently, equity participation in the project is distributed as follows: SOCAR - 80%, Turkish Botas and TPAO - 20%.
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