Tag Archives: Petronas Dagangan Berhad (PETDAG)

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Statoil ASA (ADR)(STO) Sells Its Shah Deniz Stake to Petronas Dagangan Berhad (PETDAG) for $2.25 Billion

Statoil ASA (ADR)(STO) Sells Its Shah Deniz Stake to Petronas Dagangan Berhad (PETDAG) for $2.25 Billion

Statoil ASA (ADR)(NYSE:STO) has exited the Shah Deniz gas project by selling its remaining 15.5% stake to Petronas Dagangan Berhad (KLSE:PETDAG). The Norwegian company will pack off the Azerbaijan project in a wider scheme to up shareholders’ returns. The latest move comes after the company sold 10% of its stake. Statoil ASA (ADR)(NYSE:STO) is following

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