Azerbaijan Doubles Down on Its Domestic Oil Potential

Norway's national oil company Equinor has announced that it has sold its shares in two Azerbaijani oil fields and the Baku Tbilisi Ceyhan oil pipeline to Azerbaijan's state oil company SOCAR and will exit from Azerbaijan after 30 years in the country. "Equinor is in the process of reshaping its international oil and gas business, and the divestments in Azerbaijan are in line with our strategy to focus our international portfolio," said Philippe Mathieu, Equinor's executive vice-president for international exploration and production in a statement…