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Exxon Signs Shale Deal With Azerbaijan for Middle Kura Basin
Source: Bloomberg
Energy Markets & PricesCommodities & Raw MaterialsTechnology & InnovationGeopolitics & War
ExxonMobil Holdings Corp. agreed to develop oil and natural-gas production from Azerbaijan’s shale fields, extending its U.S. fracking expertise internationally. The agreement could support ExxonMobil's upstream growth and Azerbaijan's hydrocarbon output, though no investment amount, production targets, or timeline were disclosed.
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