The operator of the project is British BP (28.8% stake). Followed by the Turkish TPAO (19%), Azerbaijani SOCAR (16,7%), the Russian LUKoil (10%) and Iranian NICO (10%).
Statoil Sells Shah Deniz Stake to Petronas
Baku. 13 October. REPORT.AZ/ The Norwegian oil company Statoil sold its share (15.5%) to the Malaysian company Petronas in the "Shah Deniz" project. Report informs referring to the Statoil website, the transaction value is 2.2 billion dollars. According to the vice-president of the Norwegian company Lars Christian Bacher, Statoil remains committed to its business in Azerbaijan, which continues to play an important role in the international portfolio of the company.