TANAP strengthens Turkey’s role in region
Baku, Azerbaijan, Dec. 15
By Rufiz Hafizoglu - Trend:
TANAP strengthened the role of Turkey in the region, Turkish President Recep Tayyip Erdogan said during the opening of a new refinery of the Turkish largest refinery Tupras, Turkish TRT Haber TV channel reported Dec. 15.
President Erdogan said that at present, Turkey becomes an energy hub in the region.
It is planned to commission TANAP in 2018. The project's cost is estimated at $10-11 billion.
Contracts for the supply of pipes for the construction of TANAP were signed in Turkey's Ankara city on Oct.14 with six Turkish and one Chinese company.
Turkey's Mannesmann-Noksel-Erciyas and Umran-Emek consortiums, Toscelik Profil ve Sac Endustrisi, as well as a Chinese contractor Baosteel Europe won the tender for the supply of pipes for the TANAP project.
All the companies that will participate in the construction and supply of the TANAP project in Turkey are exempt from VAT.
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