AzerNews: SOCAR interested in acquiring Total's share in Shah Deniz project
Azerbaijan's state energy company SOCAR is interested in acquiring the French company Total's share in the project of development of Azerbaijan's giant Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea.
This remark was made by SOCAR Vice President for Economic Affairs Suleyman Gasimov on April 24, Trend Agency reported.
The French company's intention to sell its shares in the project has not been officially confirmed. If confirmed, the contract participants, including SOCAR have the priority right to purchase the share.
"The Turkish side is also interested in acquiring a share in this project," he said. "In case of the required funds, i.e., the funds allocated by the state, SOCAR could also increase its share in the project."