TP actively carried out its activities in Azerbaijan itself and the activities in Iraq, Kyrgyzstan, Afghanistan, Russia and Libya Projects via project companies. Business development activities have been carried out in the context of mutual relations with countries and companies. The opportunities in the countries focused in Strategic Road Mad have been being chased.
Current International Projects
Arbitration case was filed against Kazakhstan State by TP because of the tax law became effective in 2009 and related developments. An agreement was reached with Kazakhstan State. TP transferred it shares in KTM to KazMunayGaz (KMG) with the deed of transfer signed on 21 September 2014. By ICSID decision and in accordance with share agreement dated 30 June 2014, TP’s all rights and liabilities related to KTM activities were terminated as of 1 January 2014.
TP is partner to 3 exploration, development and production project and 2 pipeline projects in Azerbaijan. TP has 6.75% share in ACG (Azeri-Ciraq- Guneshli), 19% in Shah Deniz which are Development and Production Projects, and 10% share in Alov Exploration Project.
Business Development Activities