ANKARA: Turkey’s state oil company Turkish Petroleum Corp (TPAO) has agreed to acquire French energy company Total’s 10 percent stake in Azerbaijan’s Shah Deniz gas project, two sources said yesterday.
The agreement, to be signed in Istanbul today, will raise TPAO’s stake in the project to 19 percent from a previous 9 percent, while Total exits the project.
The sources did not give a value for the deal. Reuters
