EQNR - Equinor Waves Goodbye To Azerbaijan: Major Asset Handover Marks Strategic Shift For Oil Giant | Benzinga
Equinor ASA (NYSE: EQNR) has agreed to transfer all its remaining assets in Azerbaijan to SOCAR (State Oil Company of Azerbaijan Republic), signifying a major shift in their operational focus.
The assets comprise a 7.27% non-operated interest in the Azeri Chirag Gunashli (ACG) oil fields in the Azerbaijan sector of the Caspian Sea, an 8.71% interest in the Baku-Tbilisi-Ceyhan (BTC) pipeline, and a 50% in the Karabagh field.
This move ...