Norwegian company’s assets in Azerbaijan decreased

12:29 - 4.05.2022


May 4, Fineko/abc.az. As of 31 March 2022 the value of the assets of Equinox (Norway), which are not in circulation in Azerbaijan, amounted to $1.633 bn, ABC.AZ informs with reference to company's report.

This means decrease of 3.5% year-on-year. As of 31 March 2021, the value of Equinox's non-current assets in Azerbaijan totaled $1.69 bn.

Equinor is represented in Azerbaijan in the development project of oil & gas field block Azeri-Chirag-Guneshli (ACG) in the Caspian Sea (7.27%) and Baku-Tbilisi-Ceyhan oil pipeline consortium (8.71%).