Baku 17° C
Equinor hopes to close deal on SOCAR assets sale this year
Energy
- 07 February, 2024
- 08:46
Add Report.az to preferred Google sources
Stay up to date with the top news!
Norwegian Equinor plans to close the deal to sell its assets in the country to the State Oil Company of Azerbaijan (SOCAR) in 2024, Report informs referring to Interfax.
In the fourth quarter, Equinor recognized an impairment (loss) of $310 million related to its planned exit from projects in Azerbaijan.
On December 22, 2023, Equinor entered into an agreement with SOCAR to sell its assets in Azerbaijan. In particular, Equinor sold SOCAR 7.27% in the Azeri-Chirag-Gunashli block development project, 8.71% in the Baku-Tbilisi-Ceyhan oil pipeline, and 50% in the Karabakh field development project.
Author
Latest News
15:20
Video
Video on participation in intercultural dialogue forum posted on Ilham Aliyev's social media pages
Domestic policy
15:18
Ramil Hasan discusses Azerbaijan-Türkiye ties with AK Party official
Milli Majlis
15:08
Minister: Kyrgyzstan attaches special importance to intercultural dialogue
Foreign policy
15:01
Azerbaijan, Dutch company discuss boosting cargo flows
Infrastructure
14:50
Farid Shafiyev: Azerbaijan considers Armenia's constitutional change key condition for peace
Foreign policy
14:48
Twenty Somali students admitted to Azerbaijani universities
Education and science
14:46
Turkmenistan prioritizes preserving, transmitting national values to youth
Foreign policy
14:46
Valeria Giannotta: Azerbaijan-Italy ties offer valuable lessons for EU
Foreign policy
14:35
Photo
President Ilham Aliyev receives ICESCO Director-General
Foreign policy