Statoil sells Shah Deniz stake for $2.25 billion to Petronas
October 13, 2014 at 01:23 AM EDT
OSLO (Reuters) - Norway's Statoil has sold a 15.5 percent stake in the Azeri gas project Shah Deniz to Malaysia's Petronas for $2.25 billion, the latest asset the firm is selling to protect its cash flow and returns to shareholders.
