In Azerbaijan’s sector of the Caspian, we participate in oil production from the Azeri-Chirag-Gunashli field.

We are a partner in the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, which runs from the Azerbaijan capital of Baku to the Turkish port of Ceyhan on the Mediterranean.

Statoil also has a 20% share in the Trans Adriatic Pipeline (TAP).

On 13 October 2014 Statoil sold its 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% share in the Azerbaijan Gas Supply Company (AGSC) to the Malaysian oil and gas company PETRONAS.