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Azerbaijan: ExxonMobil relaunches sale of stake in giant Azeri oilfield - Reuters


21 May 2020

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ExxonMobil is reported to have relaunched the sale of its stake in Azerbaijan’s largest oilfield. Banking and industry sources said the move was drawing interest from large Asian oil and gas companies seeking to capitalize on the recent collapse in oil prices. The Company first tried to sell its 6.8% stake in the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea in 2018, as Chevron launched the sale of its own 9.57% stake in the field.

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Source: Reuters





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