Reuters exclusively reported that Exxon Mobil has relaunched the sale of its stake in Azerbaijanâ€™s largest oilfield â€“ a move drawing interest from large Asian oil and gas companies seeking to capitalize on the recent collapse in oil prices, according to Reuters sources. While Exxonâ€™s sale process was never officially suspended, it was recently relaunched despite oil prices halving to around $30 a barrel after a historic collapse in oil consumption due to coronavirus-linked lockdowns that restricted peopleâ€™s movement.
Reuters exclusively reports Exxon revives sale of stake in giant Azeri oilfield
21 May 2020, 12:00 am. 1 minute
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