Hess to sell interests in ACG fields, BTC line to ONGC for $1 billion

Hess Corp. reported it will sell its 2.72% interest in the Azeri, Chirag, and Guneshli (ACG) fields in Azerbaijan and its 2.36% interest in the associated Baku–Tbilisi–Ceyhan (BTC) pipeline to India’s ONGC Videsh Ltd. for $1 billion.

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