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MOL Group to purchase stake in Azerbaijan’s ACG field and BTC pipeline
MOL has signed $1.57bn agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated E&P and midstream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline that transports crude to the Mediterranean port of Ceyhan.