Statoil divests assets for billions in Azerbaijan

Statoil has sold its 15.5 percent stake in the Shah Deniz gas field along with other activities in Azerbaijan. The transaction is worth USD 2.25 billion, according to the oil company.
Photo: Harald Peterssen, Statoil
Photo: Harald Peterssen, Statoil

Norwegian oil company Statoil has divested activities in Azerbaijan, says the company in a corporate statement.

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