BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s subsidiary that holds its 12% interest in owner and operator of the pipeline that carries natural gas from a giant offshore field in Azerbaijan across Türkiye.

TANAP Europe Apollo Partner Caspian Sea Shah Deniz Phase Pipelines Sangachal Apollo Funds Southern Gas Corridor Trans Adriatic Pipeline William Lin Low Carbon Energy Skardon Baker Leslie Mapondera Shah Deniz