ADNOC Acquires 30% Stake In Azeri Gas Field

Abu Dhabi National Oil Company (ADNOC) will buy 30% in the Absheron gas field in the Caspian Sea in Azerbaijan by acquiring stakes from the current partners in the field, TotalEnergies and SOCAR.   The French supermajor and State Oil Company of the Republic of Azerbaijan (SOCAR) have signed an agreement to sell a 15% participating interest each in the Absheron gas field to ADNOC, TotalEnergies said on Friday.  After completion of the transaction, subject to the approval by the relevant authorities, TotalEnergies…