European Investment Bank to approve BOTAS $270M loan for TANAP

  30 July 2020    Read: 687
European Investment Bank to approve BOTAS $270M loan for TANAP

The European Investment Bank loaned a $270 million for Turkey's state-owned crude oil and natural gas pipelines and trading company, BOTAS, for the Trans Anatolian Natural Gas Pipeline (TANAP) project.

BOTAS will repay the loan debt over 18 years of which the first five will be non-refundable.

TANAP, with investments of over $7 billion, is the largest section of the $40 billion Southern Gas Corridor project.

The Southern Gas Corridor project includes the Shah Deniz - 2 field, South Caucasus Pipeline and TANAP. Azerbaijan, Georgia, Turkey, Bulgaria, Greece, Albania and Italy are countries that are involved in the 3,500-kilometer-long project.


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