BP secures $1 billion from Apollo for a 25% TANAP stake, unlocking capital while maintaining influence in the Azerbaijan-Turkiye pipeline. Closing is expected in Q2 2025.

The FID on Ginger and the gas discovery at Frangipani align with bp's strategy to expand its oil and gas operations.

BAKU, Azerbaijan, March 27. Baghdad has granted final approval for bp’s contract to invest in the redevelopment of major oil ...

BAKU, Azerbaijan, March 25. Kirkland & Ellis is advising Apollo-managed funds on their acquisition of a non-controlling stake ...

BP has struck a $1-billion deal to sell 25% of its stake in a pipeline taking gas from Azerbaijan to Turkey to New ...

The Shah Deniz project, developed in two phases, has been a cornerstone of Azerbaijan’s gas exports since 2007. The second phase has further expanded production, with BP launching a 48-slot ...

Apollo have announced that they have reached agreements for Apollo-managed funds to purchase a 25% non-controlling stake in BP (TANAP) Ltd – bp TANAP – the bp subsidiary that holds bp’s 12% interest ...

Apollo Funds has plans to invest ~1 billion dollars for purchasing a 25 % non-controlling stake in BP Tanap (Trans-Anatolian ...