Azerbaijani Foreign Minister Jeyhun Bayramov told reporters Thursday there’s no risk to his country’s natural gas project led by France’s TotalEnergies despite escalating tensions between the two countries.
The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets.
Progress on the world’s largest oil and gas fields has been a mixed bag in 2022, with the start-up of several major projects pushed into 2023 and beyond.
A joint venture between UK-headquartered energy services firm Petrofac and oil firm Socar has clinched a deal to provide engineering and technical services in Azerbaijan.
