Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Exxon, Chevron Seek to Exit Azerbaijan's Oil After 25 Years

Video Credit: Wochit - Duration: 00:31s - Published < > Embed
Exxon, Chevron Seek to Exit Azerbaijan's Oil After 25 Years

Exxon, Chevron Seek to Exit Azerbaijan's Oil After 25 Years

According to Reuters, Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan’s largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.

Exxon is hoping to raise up to $2 billion from the sale of its 6.8 percent in the ACG field in the Caspian Sea.

For both companies, the sale would mark the end of a 25-year involvement.

Exxon and Chevron were among five U.S. oil companies that helped create Azerbaijan’s current oil industry.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Wall Street edges up [Video]Wall Street edges up

Wall Street edged nominally higher on Wednesday after stumbling out of the starting gate on the first trading day of the new year as bargain-hunting was offset by fears of a global economic slowdown...

Credit: Reuters Studio     Duration: 01:07Published

US weapons and advisors used in Saudi Arabia-Yemeni conflict [Video]US weapons and advisors used in Saudi Arabia-Yemeni conflict

YEMEN — Germany, Finland, and Denmark have stopped arms sales to Saudi Arabia due to the assassination of Washington Post columnist Jamal Khashoggi and the ongoing humanitarian crisis in Yemen. The..

Credit: TomoNews US     Duration: 01:47Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest