BP-Led Shah Deniz Group to Buy ‘Large Stake’ in EU Gas Pipe
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Partners in the BP Plc-led Shah Deniz group will buy a “large stake” in the pipeline they will select to deliver Azeri gas to Europe from the Turkish border, State Oil Co. of Azerbaijan President Rovnaq Abdullayev said.
“We have told both Nabucco West and Trans-Adriatic Pipeline partners that we will buy a large stake from the pipeline project we choose,” Abdullayev told reporters today in Azerbaijan’s third city of Sumqayit. “It will be so large a stake that it will enable us to make decisions.”