Hess Operations in Azerbaijan

Amerada Hess began its involvement in Azerbaijan in 1998. As of mid-2012 Hess had a 2.72 percent interest in the Azeri-Chirag-Guneshli (ACG) fields in the Caspian Sea and also a 2.36 percent interest in the Baku-Tbilisi-Ceyhan oil transportation pipeline company.

However in early 2013 India's ONGC Videsh agreed to buy Hess' stake in the fields and pipeline for US $1 billion.

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