Equinor Is Exploring Sale of $1 Billion Azerbaijan Assets
- Norwegian firm working with Jefferies on potential sale
- Deal would include large Azeri-Chirag-Gunashli field
An Equinor ASA natural gas production facility.
Photographer: Carina Johansen/BloombergThis article is for subscribers only.
Equinor ASA is exploring the sale of its operations in Azerbaijan, including a stake in the country’s largest oil project, people with knowledge of the matter said.
The Norwegian energy company is working with Jefferies Financial Group Inc. to gauge buyer interest in the assets, which includes a 7.27% interest in the large Azeri-Chirag-Gunashli field, the people said. A deal could value the assets at about $1 billion, they said.