Iran May Negotiate with Statoil Regarding Share in TAP

Trend News Agency (Azerbaijan)

24 July 2015

Iran may negotiate with Norway’s Statoil regarding the share in the Trans Adriatic Pipeline (TAP), which envisages the transportation of the Caspian gas to the European markets, James Dorsey, senior fellow at Nanyang Technological University’s S. Rajaratnam School of International Studies believes.

“An Iranian acquisition would make sense from Iran’s perspective and it will want to prepare in every way it can for the day that there is a return to business as usual,” Dorsey told Trend on July 24.

Earlier it was reported that Statoil intends to sell its 20-percent share in the TAP.

Iran, which has recently reached a nuclear agreement with the P5+1, granting Tehran sanctions relief in exchange for curbs on its nuclear program, has repeatedly express the willingness to export its gas to Europe. Earlier Iran’s ambassador to Azerbaijan Mohsen Pak Ayeen said that the Islamic Republic may join TANAP, which being a part of the Southern Gas Corridor will connect to TAP at the Turkish-Greek border.

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