PETALING JAYA: Petroliam Nasional Bhd (Petronas) is acquiring stakes in three oil and gas companies and a production sharing agreement from Norway-based Statoil ASA to strengthen its presence in the central Asian region.
Statoil, announced on its website yesterday that it had sold 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% in the Azerbaijan Gas Supply Company for US$2.25bil (RM7.43bil).
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