Acquisitions and Divestitures News in Azerbaijan
| 12/9/2024 - Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to USD 2 billion. After more than 30 years as a busi... |
| 11/24/2024 - - The Baku Finance Goal sets new global target to channel $1.3tn of climate finance to developing countries by 2035 in significant uplift. This includes a new core finance goal of $300bn that triples ... |
| 9/16/2024 - - Apollo Funds to become a non-controlling shareholder in bp Pipelines TAP Limited, an entity which holds a 20% stake in Trans Adriatic Pipeline AG - Provides Apollo exposure to a world-class ... |
| 7/19/2024 - ONGC Videsh Limited, a Schedule “A” Navaratna Central Public Sector Enterprise, has signed a definitive Sale Purchase Agreement (SPA) for directly acquiring 0.615% Participating Interest (PI) in Offsh... |
| 6/5/2024 - MVM Group entered into a sale and purchase agreement with the Azerbaijani state-owned entity Southern Gas Corridor CJSC (“SGC”) for the acquisition of a 5% stake in the Production Sharing Agreement fo... |
| 12/22/2023 - Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in
Azerbaijan to SOCAR. <... |
| 2/18/2022 - PJSC LUKOIL announces completion of the transaction of buying a 9.99% interest in the Shah-Deniz gas project from PETRONAS. The transaction value is approximately $1.45 billion. Following... |
| 12/10/2021 - PJSC "LUKOIL" announces the signing of amendments to the agreement concluded in October 2021 on the acquisition of a share in the Shah Deniz project from PETRONAS. In accordance with the new arrangeme... |
| 10/7/2021 - PJSC LUKOIL announces conclusion of an agreement on acquiring 15.5% interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from PETRONAS. The value of the transacti... |
| 4/22/2021 - SOCAR successfully completed its engagement in the management of Antipinskii Refinery and the oil fields, owned by the subsidiary of the refinery - NKNP LLC. Therewith, SOCAR withdraws as equity share... |
| 11/10/2020 - Zenith Energy Ltd. (Zenith) (ZENA-ME) announces that, in agreement with SOCAR (State Oil Company of the Azerbaijan Republic), the Contract Exploration Area ("CEA") of its 25-year REDPSA (Rehabilitatio... |
| 4/16/2020 - Chevron Corporation (CVX) announced that its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including interests in the Western Exp... |
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11/4/2019 - MOL has signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-... |
| 9/14/2018 - British oil major BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA (product sharing agreement) in Azerbaijan, BP Azerbaijan said on Friday. BP, as operator, pla... |
| 9/14/2017 - The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended an... |
| 6/1/2017 - BP expects to sign a contract at the end of June extending its production sharing deal for Azerbaijan's biggest oilfields until 2050, the company's regional head said on Wednesday. ... |
| 12/1/2016 - SOCAR, Hellenic Republic Asset Development Fund S.A and Hellenic Petroleum S.A. did not extend the term of the privatization tender for 66% of Hellenic National Natural Gas System Operator S.A. (DESFA... |
| 10/11/2016 - A group of international investors led by SOCAR, the largest direct foreign investor in Turkey, has reached an agreement with OMV Aktiengesellschaft to acquire the Aliaga Storage Facilities owned by O... |
| 3/16/2016 - SOCAR, Zenith Aran Oil Company Limited and SOCAR Oil Affiliate have signed the Agreement on the Rehabilitation, Exploration, Development and Production Sharing for the Block including the Muradkhanli,... |
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12/1/2015 - Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Sna... |
