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Vinson & Elkins Advises SOCAR on $1 Billion Apollo Funds Investment in TANAP Stake

Deals & Cases

June 11, 2026 • 1-minute read

Vinson & Elkins advised the State Oil Company of the Azerbaijan Republic and SOCAR Turkey Enerji A.Ş. on the issuance of a non-controlling stake in a subsidiary that holds a 7% interest in TANAP Doğalgaz İletim A.Ş., the owner and operator of the Trans-Anatolian Natural Gas Pipeline (“TANAP”), to Apollo Funds. The transaction is valued at $1 billion. TANAP is the central section of the Southern Gas Corridor pipeline system which connects the Shah Deniz gas field in Azerbaijan to markets in Europe. TANAP runs for approximately 1,800 km across Türkiye, linking to the South Caucasus Pipeline (at the border between Türkiye and Georgia) and the Trans Adriatic Pipeline (at the border between Türkiye and Greece). The pipeline plays a crucial role in Europe’s energy security.

The Vinson & Elkins team was led by Partner Lauren Davies and Senior Associate Sam Phillips, with support from Associates Sam Cross and Eleonora Garau and Trainees Josh Gan and Hari Pillai. Also assisting were Partners Ben Higson, Louise Woods, James Barratt, and Associate Elena Guillet.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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