Azerbaijan's Socar acquires Itochu's share in Azeri-Chirag-Gunashli project

ITOCHU

03/08/2026 12:07

BAKU, Aug 3 (Reuters) - Azerbaijan's state oil company SOCAR said on Monday that it had acquired Itochu's participating interest in the Azeri-Chirag-Gunashli (ACG) project, operating a complex of oil fields in the Caspian Sea.
Prior to the transaction, the Japanese company held a 3.65% participating interest in the ACG oil fields. As a result of the transaction, SOCAR's participating interest in the ACG increased from 31.65% to 35.3%, SOCAR said.

 (Reporting by Nailia Bagirova; Writing by Gleb Stolyarov; Editing by Mark Trevelyan)
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