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Norway's Statoil Completes Sale of Shah Deniz Stake

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Reuters

OSLO, May 6 (Reuters) - Norway's Statoil has completed the sale of a 10 percent stake in the Azeri Shah Deniz gas project and the South Caucasus Pipeline for a consideration of $1.45 billion, the energy firm said on Tuesday.

Statoil first announced the divestment on Dec. 17.

It sold a 3.33 percent stake to BP and a 6.67 percent stake to Azeri state oil company SOCAR.

(Reporting by Gwladys Fouche; Editing by Balazs Koranyi)

Copyright 2014 Thomson Reuters. Click for Restrictions.

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