Turkey Seeks Up to 50% of Trans-Anatolia Pipeline, Turan Reports

Turkey expressed an interest in raising its stake in the planned Trans-Anatolia gas pipeline to as much as 50 percent from 20 percent, Azeri news service Turan reported, citing Turkish officials it didn’t identify.

State Oil Co. of Azerbaijan, or Socar, holds 80 percent of the pipeline project, known as Tanap, which is designed to carry natural gas from the BP Plc-led Shah Deniz field in the Caspian Sea to Europe via Turkey.

Socar hasn’t received an offer from the Turkish government or from state-owned pipeline company Boru Hatlari Ile Petrol Tasima AS, Socar Vice President Elshad Nassirov said earlier this week.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

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