Azerbaijan plans $17 billion investment in Turkey

SOCAR Vice President Suleyman Gasimov said Thursday that investments will include $5.5 billion for a new refinery and $800 million for a power station.

Another major, still-unconfirmed goal mentioned by Gasimov is the construction of the proposed trans-Anatolian natural gas pipeline, which Azerbaijan hopes could be used to carry gas from its Shah Deniz offshore field to Europe. According to current plans, Azerbaijan would take the lead in a project, known as TANAP, and provide several billion dollars for its completion.