BOTAS, BP Pipelines intend to become TANAP shareholders

  17 December 2014    Read: 895
BOTAS, BP Pipelines intend to become TANAP shareholders
Turkish pipeline company BOTAS and BP Pipelines appealed to the Turkish Antimonopoly Committee to buy the shares in the Trans-Anatolian pipeline (TANAP) construction consortium, the Turkish Antimonopoly Committee
BOTAS intends to acquire a 30-percent share in TANAP, while BP Pipelines - a 12-percent share of Gas Corridor Closed Joint Stock Company in the consortium, the statement said.

It is planned to commission TANAP in 2018. The project’s cost is estimated at $10-11 billion.

Contracts for the supply of pipes for the construction of TANAP were signed in Turkey’s Ankara city on Oct.14 with six Turkish and one Chinese company.

Turkey’s Mannesmann-Noksel-Erciyas and Umran-Emek consortiums, Toscelik Profil ve Sac Endustrisi, as well as a Chinese contractor Baosteel Europe won the tender for the supply of pipes for the TANAP project.

All the companies that will participate in the construction and supply of the TANAP project in Turkey are exempt from VAT.

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