SOCAR has sold its stake in the "Shah Deniz" gas-condensate field within the framework of the Production Sharing Agreements (PSAs), Ednews reports that State Oil Company of the Azerbaijan Republic (SOCAR) told this.
According to information, on March 31 of 2023, SOCAR sold its 14.35% stake in the field to Southern Gas Corridor (SGC) Upstream LLC. On the same date, the Group transferred its 14.35 % stake in South Caucasus Pipeline (SCP) and SCP HoldCo to SGC Midstream LLC.