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المشهد العربي
XRG acquires stake in Azerbaijani gas firm
The international investment platform "XRG," launched by ADNOC in November 2024, announced the completion of its acquisition of a stake in the Azerbaijani Southern Gas Corridor Company, which specializes in transporting natural gas from the Caspian Sea through a network extending to Southern Europe. The assets acquired by the company include strategic shares in the Shah Deniz field and pipelines crossing Georgia, Turkey, and the Adriatic Sea. This deal supports the expansion of cooperation with the Azerbaijani national oil company, SOCAR. Through these investments, "XRG" aims to establish an integrated gas platform in the Caspian Sea region to enhance regional and European resources and markets.
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