Statoil to sell its stake in TAP project

Norway's Statoil will sell its 20% stake in the Trans Adriatic Gas Pipeline (TAP) project, the President of SOCAR Rovnag Abdullayev said. According to him, there is a company which is ready to buy its stake.

"Several companies have expressed an interest in buying Statoil's stake, and it would be better if several companies would buy it," Reuters cited Abdullayev as saying.