Norwegian Equinor petroleum refining company closes its branch in Azerbaijan
The Norwegian Equinor petroleum refining company has announced the liquidation of its branch under the Ashrafi-Dan-Ulduzu-Aypara (ADUA) structure in Azerbaijan, Azernews reports.
According to the State Tax Service under the Ministry of Economy of Azerbaijan, creditors are advised to submit their claims within a two-month window to the following address: 62 Uzeyir Hajibeyli St, Nasimi district, Baku.
The branch was officially registered on April 3, 2018, with Nils Telnaes serving as the legal representative.
Furthermore, in December 2023, SOCAR (State Oil Company of Azerbaijan Republic) acquired Equinor's interests in the Azeri-Chirag-Gunashli (ACG) and Garabagh fields, as well as the Baku-Tbilisi-Ceyhan (BTC) project.
Before the acquisition, Equinor held a 7.27 percent stake in ACG, 8.71 percent in BTC, and 50 percent in Garabagh. Previously, SOCAR held a 25 percent stake in ACG, 25 percent in BTC, and 50 percent in Garabagh.
The transactions will be completed in compliance with all regulatory requirements and contractual obligations.
Equinor has started the liquidation of its local companies in Azerbaijan.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!