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Announced

SOCAR and ONGC Videsh to acquire a minority stake in Azeri-Chirag-Gunashli oilfields and the Baku-Tbilisi-Ceyhan oil pipeline in Azerbaijan from Equinor for $720m.

Synopsis

SOCAR, an oil and gas company, and ONGC Videsh, an oil and gas exploration company, agreed to acquire a minority stake in Azeri-Chirag-Gunashli oilfields and the Baku-Tbilisi-Ceyhan oil pipeline in Azerbaijan from Equinor, an energy company, for $720m.

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