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Exclusive: Exxon seeks to sell its stake in giant Azeri oil field - sources

Reuters  |  LONDON 

By Dmitry Zhdannikov and Ron BoussoLONDON (Reuters) - Exxon Mobil is seeking to sell its stake inAzerbaijan's largest oil field, once dubbed the "contract of thecentury", as the U.S. oil and gas giant re-focuses its globaloperations, industry and banking sources said.Exxon is hoping to raise up to $2 billion from the sale ofits 6.8 percent in the Azeri-Chirag-Gunashli (ACG) field in theCaspian Sea, according to the sources. Exxon spokeswoman Julie King declined to comment, saying"we don't comment on market rumours or speculation". A spokesman for Azerbaijan's state energy company Socar said: ...

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First Published: Tue, December 04 2018. 19:33 IST