Azerbaijan approves Hungarian company’s agreement to buy stakes in ACG and BTC
  • ECONOMY

  • 15:40 27 February 2020

Azerbaijan approves Hungarian company’s agreement to buy stakes in ACG and BTC

The Azerbaijani side has approved the agreement of Hungarian company MOL over purchasing of stakes of Chevron company of US at Azeri-Chirag-Gunashli (“ACG”) and Baku-Tbilisi-Ceyhan (“BTC”) pipeline projects, Ibrahim Ahmadov, deputy head of the Public Relations and Event Management Department of the Azerbaijani state oil company SOCAR told ONA.

“Azerbaijan has approved the agreement by Hungarian company MOL to purchase the shares of Chevron company of US in the project of development of "Azeri-Chirag-Guneshli. Thus, MOL joined ACG consortium” Ibrahim Ahmadov stated.

Emil Ismayilov

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