EQNR finalizes divestments worth $2 billion in Nigeria and Azerbaijan, streamlining its oil and gas portfolio for long-term growth and profitability.

Equinor has completed transactions to exit its upstream operations in Azerbaijan and Nigeria, securing a total estimated consideration of up to $2bn (NKr22.16bn). These exits, finalised on 29 November and 6 December,

Equinor (NYSE:EQNR) +3.5% pre-market Monday after saying it completed the planned sale of assets in Nigeria and Azerbaijan for a combined consideration of up to $2B, completing the company's exit from both countries. The divestments, first announced in ...

Equinor has closed the planned sale of its assets in Nigeria and Azerbaijan for a total consideration of up to $2 billion, completing exits from the two countries after some 30 years, the Norwegian oil and gas firm said on Monday.

BAKU, Azerbaijan, December 9. Equinor has officially exited its operations in Azerbaijan and Nigeria, concluding transactions on November 29 and December 6, respectively, after over 30 years of business in the two countries, Trend reports.

Equinor has officially ended its activities in Azerbaijan and Nigeria following agreements signed on November 29 and December 6, respectively, Azernews reports.

After more than 30 years in Azerbaijan and Nigeria, Equinor final transactions to exit the two countries have closed on 29 November and 6 December respectively

The divestments, first announced in 2023 and completed in recent weeks, will boost cash flow in the fourth quarter and were in line with Equinor's strategy to optimise its international portfolio

Equinor has finalized the sale of its assets in Nigeria and Azerbaijan for up to $2 billion, marking the end of its operations in both countries after roughly 30 years, the Norwegian oil and gas company announced on Monday.