SOCAR Türkiye

BSTDB is considering becoming a lender as part of the syndicated loan described in the Operation Summary Document. BSTDB’s updated disclosure in relation to its potential participation in the SOCAR Türkiye Operation is as follows:

Environmental and Social Information Disclosure

SOCAR Türkiye

SOCAR Türkiye Enerji A.S. and its subsidiaries are involved in the TANAP pipeline (the “TANAP Project”). In line with the Bank’s Environmental and Social (E&S) Policy the TANAP Project has been screened as a category A project. As a greenfield Category A project the TANAP Project could potentially generate significant adverse E&S risks and impacts, which may be diverse, irreversible, or unprecedented, and according to the Environmental Impact Assessment (EIA) Regulation in effect in Türkiye, and BSTDB’s compliance requirements, a comprehensive ESIA study needs to be carried out before any construction can begin, or financing decision taken. A Category A development also requires meaningful consultations with the potentially affected stakeholders, and needs to include procedures for public notification, disclosure of related information and the potential E&S risks, public review and comment.

In line with BSTDB’s requirements for Category A operations the E&S information related to the TANAP Project needs to be publicly disclosed on the Bank’s website 30 calendar days before its Board of Directors approval.

The information regarding the TANAP Project is available at http://www.tanap.com/reference-documents/.

For direct enquiries please contact:

TANAP Natural Gas Transmission Company

Address: Kızılırmak Mah. Ufuk Üniversitesi Caddesi Farilya İş Merkezi No: 8 / 18 Kat: 2 Çukurambar ÇANKAYA / ANKARA
Phone: 0312 999 11 11
Fax: 0 312 287 11 10

TANAP Land Acquisition Directorate of BOTAS

Address: Beştepe Mah. Nergis Sokak No:7 Kat: 23, VIA Tower SÖĞÜTÖZÜ / ANKARA
Phone: 0312 902 90 90
Fax: 0312 902 90 99