World Bank OKs USD 800 M Loan for TANAP Gas Project
The World Bank gas granted a total of USD 800 M in loans to Turkey and Azerbaijan for the Trans-Anatolian Natural Gas Pipeline (TANAP), Anadolu Agency reports.
The 1850-km pipe is part of the Southern Gas Corridor (SGC), aimed at pumping Azerbaijan's gas into Turkey and further on to Europe.
The lender has granted USD 400 M to Turkey and the same amount to Azerbaijan.
The Southern Gas Corridor projects is, overall, expected to draw in some USD 4 B in external financing, according to Azerbaijani SOCAR company. Читать дальше...