BAKU, Azerbaijan, May 4. Non-current assets of Norway’s Equinor company in Azerbaijan stood at $1.396 billion as of March 31, 2023, as compared to $1.401 billion as of December 31, 2022, Trend reports via the company.
As such, its non-current assets in Azerbaijan dropped by 0.36 percent.
Equinor’s total non-current assets were equal to $63.780 billion as of March 31, 2023, compared to $64.414 billion as of December 31, 2022, showing a 0.98 percent decrease.
Equinor started its business in Azerbaijan in 1992. It is the shareholder of Azeri-Chirag-Gunashli (ACG) oil field, the Baku-Tbilisi-Ceyhan (BTC) pipeline.
On 30 May 2018 Equinor and SOCAR signed a Risk Service Agreement related to the appraisal and development of the Karabagh oilfield and a Production Sharing Agreement for the Ashrafi-Dan-Ulduzu-Aypara (ADUA) area in the Caspian Sea. Equinor and SOCAR hold equal shares in both projects.
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