Energy in Armenia

  • Britain’s BP, Azerbaijan’s national energy company SOCAR

    ARMENIA, 2013/08/04 Britain’s BP, Azerbaijan’s national energy company SOCAR and French multinational Total have taken shares in the Trans Adriatic Pipeline, TAP, a project to pump natural gas from the huge Azerbaijan fields in the Caspian Sea to European markets. BP, SOCAR and Total, members of the consortium developing the Shah Deniz gas field in the Caspian Sea off Azerbaijan, have joined the construction of the new Trans Adriatic Pipeline.   “British Petroleum and SOCAR have each taken a 20 % share while Total has acquired 10 %,” TAP said in a statement on Tuesday.
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