Equinor Waves Goodbye To Azerbaijan: Major Asset Handover Marks Strategic Shift For Oil Giant - Equinor (NYSE:EQNR)
Equinor ASA (NYSE: EQNR) has
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Equinor ASA (NYSE: EQNR) has
The divestment includes a 7.27% non-operated interest in the Azeri Chirag Gunashli (ACG) oil fields located in the Caspian Sea's Azerbaijan sector, an 8.71% interest in the Baku-Tbilisi-Ceyhan (BTC) pipeline, and a 50% stake in the Karabagh field.
OSLO -Norway's Equinor said on Friday it has agreed to sell its assets in Azerbaijan to state-owned energy firm SOCAR, including interests in the ACG oilfield and the BTC pipeline for an undisclosed...
Equinor is divesting its oil and gas assets in Azerbaijan, including stakes in the Azeri Chirag Gunashli oil fields, to the Azeri state energy firm SOCAR, aligning with its strategy to reshape its international business.
Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR.