TAPI Project Board of Directors Meeting Held in Ashgabat

Ashgabat, 27 October 2016 – The fourth Board of Directors’ meeting for the TAPI project was held from 25 to 27 October 2016 in Ashgabat, Turkmenistan. Some of the important issues negotiated in this meeting are as follows:

➢ Progress Report on TAPI project by the CEO of TAPI limited Company.
➢ Opening of TAPI project office in Dubai.
➢ Approval of salaries and incentives paid for the TAPI project staff
➢ Approval of TAPI project guidelines
➢ Negotiation about the selection of ILF Company in order to survey the TAPI pipeline route in territory of Afghanistan and Pakistan.

The participants discussed opening of a subsidiary office in Dubai which is very important for the commencement of TAPI project. This office will run the routine TAPI project over all activities.

The board meeting reviewed the proposal of ILF Company for the survey of the TAPI gas pipeline route in territories of Afghanistan and Pakistan which had been submitted by the mentioned company. The working group will evaluate the proposal and the decision will be announced later on.

They also discussed the formation of a working group to review and finalize the remaining TAPI agreements in order to expedite the implementation process of the project. The working group will be in charged to review and evaluate the regulations of TAPI gas pipeline system, gas shipment agreement and host country agreement.