New company to be created to design IAP

The players involved in the Ionian Adriatic Pipeline have agreed to create a new company that will be responsible for the design of the project.
By Staff reporter 19 February 2018 0 29635

The players involved in the Ionian Adriatic Pipeline (IAP) have agreed to create a new company that will be responsible for the design of the project, Azerbaijan’s Turan Information Agency said on Monday.

A letter of intent was signed last week by Albanian transmission system operator Albgaz and its Croatian counterpart Plinacro with state-owned oil firm Montenegro Bonus and State Oil Company of Azerbaijan Republic (SOCAR).

The agreement was reached during the fourth meeting of Advisory Council for the Southern Gas Corridor (SGC) in Baku.

The IAP is...

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