Turkey to Sign Agreement for Azerbaijan Gas Pipeline Tomorrow
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Turkey and Azerbaijan will sign a memorandum of understanding tomorrow, establishing a consortium that will build a pipeline to ship natural gas from the BP Plc- operated Shah Deniz field to Europe via Anatolia.
State Oil Co. of Azerbaijan, or Socar, Turkey’s state-owned pipeline operator Botas Boru Hatlari Ile Petrol Tasima AS and oil firm Turkiye Petrolleri AO will be the founding members of the organization, which may add more international oil and gas companies going forward, the Turkish Energy Ministry said today in an e-mailed statement.