Asian Infrastructure Investment Bank (AIIB) has approved allocation of a loan worth $600 million for the Trans-Anatolian Natural Gas Pipeline (TANAP) project.

The World Bank’s Board of Executive Directors approved a $400 million loan for Turkey and a $400 million loan for Azerbaijan for the implementation of the Trans-Anatolian Natural Gas Pipeline (TANAP) Project.

The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2