BP to Remain in Shah Deniz

July 19, 2010

BATUMI, Georgia — BP, which is seeking to sell $10 billion in assets to pay for U.S. oil-spill damages, will remain a partner in Azerbaijan’s largest gas field at Shah Deniz, the country’s energy minister said Sunday.

“We are not looking at any means of changing BP as our main partner, or even finding other investors,” Natig Aliyev said in an interview. “The consortium is already formed, things are going well, and it is not discussed.”

Gazprom said last month that it would consider buying a stake if offered.

(Bloomberg)

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