Baku. Agshin RafiqoÄŸlu - APA-Economics. Malaysian state-owned oil company Petronas opened a branch in Azerbaijan.
Petronas Azerbaijan (Shah Deniz) S.A.R.L. was registered at the Azerbaijani Ministry of Taxes on June 9, the ministry told APA-Economics.
Norway’s Statoil has 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 Malaysia’s Petronas. The transaction value is USD 2.25 billion.