SOCAR completed the acquisition of a 10% stake in tamar gas field from Union Energy for $1.25 bn.

Synopsis

State Oil Company of the Republic of Azerbaijan, Azerbaijan’s state‑owned oil company, completed the acquisition of a 10% stake in tamar gas field from Union Energy, an energy comapany, for $1.25 bn.

Principals

target

Union Energy (tamar Gas Field)

bidder

State Oil Company Of The Republic Of Azerbaijan (socar)

Show Details & Financials

Did you work on this deal?

Claim Deal

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Claim Deal

Market Context

SOCAR completed the acquisition of a 10% stake in tamar gas field from Union Energy for $1.25 bn.

target

bidder

SOCAR completed the acquisition of a 10% stake in tamar gas field from Union Energy for $1.25 bn.