SOCAR-BOTAŞ Joint Venture Discussing Possible Projects In Türkiye And Beyond
Date
4/23/2023 5:09:09 AM
(MENAFN- AzerNews)
Qabil Ashirov read more Discussions are underway on implementation of different projects
in Türkiye and beyond by the joint venture of SOCAR Türkiye,
subsidiary of Azerbaijan's state oil company SOCAR and BOTAŞ
Petroleum Pipeline Corporation, Azernews reports,
citing Azerbaijan's energy ministry.
The ministry said the joint venture was created in late
2022.
Turkish Energy and Natural Resources Minister Fatih Donmez
earlier said that BOTAŞ and SOCAR have established a new company to
sell gas to Europe.
"We have announced the goal of becoming a gas trading center,
and Azerbaijan also supports us in this matter. The Balkan
countries request gas from us and Azerbaijan. We'll act on this
issue together," the minister said.
Previously, Donmez said that the Turkish Parliament has started
the process of amending legislation which is necessary for the
start of the international gas trade center (gas hub).
"As for gas trade by the joint venture, we will provide more
detailed information if there are updates," said Azerbaijan's
energy ministry.
To recap, BOTAŞ Petroleum Pipeline Corporation (BOTAS) is the
state-owned crude oil and natural gas pipelines and trading company
in Turkey. The company was established in 1974 as a subsidiary of
TPAO. Since 1995, BOTAS is a wholly state-owned company.
In addition to the Kirkuk-Ceyhan Oil Pipeline, BOTAŞ owns and
operates Ceyhan-Kırıkkale, Batman-Dörtyol, and Şelmo-Batman crude
oil pipelines. It also owns and operates the national gas grid of
Turkey with total length of 4,500 kilometres (2,800 mi), and
Marmara Ereğlisi Liquefied Natural Gas (LNG) Import Terminal.
Internationally BOTAŞ participates in the Baku-Tbilisi-Ceyhan
pipeline, Arab Gas Pipeline section between Syria and Turkey, and
Turkey-Greece pipeline.
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