The partners of the Trans-Anatolian gas pipeline (TANAP) that will carry
Azerbaijani gas through Turkey do not plan to use any bank loans to
finance the investment, estimated to total around $10-$12 billion, one
of the shareholders’ executive has said.
“The entire project will be financed with equity and the investment cost of the project is currently estimated at $10-$12 billion,” said Sami Kerimli, the first vice-president of Socar Turkey.
Answering reporters’ questions after a meeting organized by the Caspian Strategies Institute on TANAP, Kerimli said the initial investment was planned to be financed by shareholder equities with the aim of speeding up the project.
“The entire project will be financed with equity and the investment cost of the project is currently estimated at $10-$12 billion,” said Sami Kerimli, the first vice-president of Socar Turkey.
Answering reporters’ questions after a meeting organized by the Caspian Strategies Institute on TANAP, Kerimli said the initial investment was planned to be financed by shareholder equities with the aim of speeding up the project.



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