Equinor has completed the sale of its stakes in the ACG (Azeri-Chirag-Guneshli) and BTC (Baku-Tbilisi-Ceyhan) projects to SOCAR and ONGC Videsh Limited.
On November 29, 2024, Norwegian company Equinor finalized the sale of its stakes in the ACG field development project and the BTC oil pipeline to the State Oil Company of Azerbaijan (SOCAR) and India's ONGC Videsh Limited.
Of Equinor's 7.27% stake in the ACG project, SOCAR acquired 6.655%, and ONGC Videsh Limited took 0.615%. For the BTC project, Equinor's 8.71% stake was divided, with SOCAR acquiring 7.96% and ONGC Videsh Limited acquiring 0.75%.
