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Exclusive: Exxon seeks to sell its stake in giant Azeri oil field

December 4, 2018 10:58 AM
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LONDON (Reuters) - Exxon Mobil (XOM.N) is seeking to sell its stake inAzerbaijan’s largest oil field, once dubbed the “contract of the century”, as the U.S. oil and gas giant re-focuses its global operations, industry and banking sources said.

Exxon is hoping to raise up to $2 billion from the sale of its 6.8 percent in the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea, according to the sources.

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