Hess ramps up asset sales with ONGC deal

摘要

New York—US-based Hess will sell its 2.72% interest in the Azeri, Chirag and Guneshli fields in Azerbaijan and a 2.36% stake in the related BTC pipeline to India’s ONGC Videsh for $1 billion, the company said September 7. The deal is expected to close in the first quarter of 2013, pending government and regulatory approval, Hess said in a statement.