Shah Deniz

Oil & Gas

Statoil completes sale of assets in Shah Deniz to Petronas

Statoil has completed the sale of its share in the Shah Deniz production sharing agreement to Petronas. The Norwegian company sold off its 15.5% participating interest in Shah Deniz, 15.5% share in the South Caucasus Pipeline Company, 15.5% share in the SCPC holding company and 12.4% share in the Azerbaijan Gas Supply Company (AGSC).