Azerbaijan, Baku / corr Trend S.Aliyev / Amerada Hess (Khazar) Limited has announced that it has closed down its representative office in Azerbaijan. Any claims made will be accepted within the month.
However, Hess ACG Limited will continue to operate. However, Hess ACG Limited will continue to operate.
Amerada Hess holds 2.7% stake in the ASG Full Field Development project in Azerbaijan
ACG participating interests are BP (operator - 34,1%), Chevron (10,2%), SOCAR (10%), INPEX (10%), Statoil (8,6%), ExxonMobil (8%), TPAO (6.8%), Devon (5,6%), ITOCHU (3,9%)
The company also has 2.36% share in the BTC project. The BTC Co. shareholders are: BP (30.1%); AzBTC (25.00%); Chevron (8.90%); Statoil (8.71%); TPAO (6.53%); ENI (5.00%); Total (5.00%), Itochu (3.40%); INPEX (2.50%), ConocoPhillips (2.50%) and Amerada Hess (2.36%).