Advertisement
UK markets close in 5 hours 52 minutes

  • FTSE 100

    8,346.97
    +33.30 (+0.40%)
     

  • FTSE 250

    20,425.87
    +12.79 (+0.06%)
     

  • AIM

    777.18
    +0.76 (+0.10%)
     

  • GBP/EUR

    1.1615
    -0.0009 (-0.07%)
     

  • GBP/USD

    1.2485
    -0.0024 (-0.19%)
     

  • Bitcoin GBP

    49,739.78
    -1,129.32 (-2.22%)
     

  • CMC Crypto 200

    1,287.83
    -6.84 (-0.53%)
     

  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • CRUDE OIL

    77.03
    -1.35 (-1.72%)
     

  • GOLD FUTURES

    2,317.00
    -7.20 (-0.31%)
     

  • NIKKEI 225

    38,202.37
    -632.73 (-1.63%)
     

  • HANG SENG

    18,313.86
    -165.51 (-0.90%)
     

  • DAX

    18,528.31
    +98.26 (+0.53%)
     

  • CAC 40

    8,150.62
    +74.94 (+0.93%)
     
Money:

How to make a tax-free income

Tips for making money that won't be taxed

Azerbaijan president open to Snam taking stake in TAP project

Reuters - UK Focus

MILAN, July 9 (Reuters) - Azerbaijan is open to Italian gas infrastructure group Snam (Milan: SRG.MI - news) taking a stake in the project to build the Trans Adriatic Pipeline (TAP) that will carry gas from Azerbaijan to Europe, President Ilham Aliyev said on Thursday.

"Why not? If someone would allocate its shares to other companies I don't see any problems," Aliyev said when asked about Snam's possible investment in TAP.

He spoke in English to reporters during a visit to Milan's EXPO international trade fair.

Snam CEO told Reuters in an interview in June the company was ready to evaluate buying 20 percent of TAP.

ADVERTISEMENT

TAP's current shareholders are BP (20 percent), the State Oil Company of the Azerbaijan Republic (SOCAR) (20 percent), Norway's Statoil (Stockholm: 63644.ST - news) (20 percent), Belgium's Fluxys (19 percent), Spain's Enagas (16 percent) and Swiss company Axpo (5 percent).

Aliyev confirmed the project was expected to be completed in 2020. (Reporting by Giancarlo Navach)