Tap shareholder structure takes shape

摘要

Azeri state-owned Socar and BP are finalising deals to receive 20pc in the Trans-Adriatic Pipeline (Tap), while Total will get 10pc under an option agreed last year, Socar president Rovnag Abdullayev says. He does not say which existing Tap shareholders — Norway’s Statoil (42.5pc), Swiss firm Axpo (42.5pc) and Germany’s Eon (15pc) — will reduce their stakes to make way for the new firms.