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Turkish TPAO purchased Totalís share

By Messenger Staff
Tuesday, June 3
The Turkish company TPAO increased its share in the Shah-Denis project. Recently, it purchased 10% share of Total Azerbaijan. The amount of the deal is confidential. The contract on constructing and launching the Shah-Denis project started in 1996. Natural gas from this source goes to Turkey through the Baku-Tbilisi- Erzerum natural gas pipeline. Recent moves of different companies are targeted at increasing further exploration and exploitation of Azerbaijanís potential of providing Europe with natural gas.