Petronas buys stake in Azerbaijan oil field

Malaysia's Petronas buys Statoil's 15.5% interest in an oil field in Azerbaijan for $2.2b, its third largest acquisition.
October 14, 2014

Malaysia state-owned oil and gas giant Petronas has bought Norway-based Statoil's 15.5% interest in the Shah Deniz oil field in Azerbaijan for $2.25 billion, making it the latest Asian national oil company to strike a deal as international energy giants pare assets.

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