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Benzinga
Benzinga
Business
Lekha Gupta

Equinor Wraps Up $2 Billion Asset Sale, Streamlining Global Oil And Gas Portfolio

Equinor Oil Azerbaijan Nigeria EQNR

Equinor ASA (NYSE:EQNR) completed transactions to exit its upstream businesses in Azerbaijan and Nigeria, with an estimated total consideration of up to $2 billion, following more than 30 years as a business partner in the regions.

Equinor will receive a total cash consideration of $745 million for the divestment of its full portfolio in Azerbaijan.

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