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Norway's national oil company Equinor has announced that it has sold its shares in two Azerbaijani oil fields and the Baku Tbilisi Ceyhan oil pipeline to Azerbaijan's state oil company SOCAR and will exit from Azerbaijan after 30 years in the country. "Equinor ...
Norway's national oil company Equinor has announced that it has sold its shares in two Azerbaijani oil fields and the Baku Tbilisi Ceyhan oil pipeline to Azerbaijan's state oil company SOCAR and will exit from Azerbaijan after 30 years in the country. "Equinor ...
Azerbaijan’s state oil company SOCAR is set to purchase key domestic assets from Norway’s Equinor, suggesting Baku is intent both on maximizing its returns from its main export revenue earner.
Azerbaijan, host of next year’s COP climate summit, is set to boost its gas production by a third over the next decade, with fossil fuel companies forecast to spend $41.4 billion on the country’s gas fields, according to new analysis.
The country has also appointed a former state oil company executive to serve as president of the UN conference.