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Exxon Signs Shale Deal With Azerbaijan for Middle Kura Basin

Bloomberg Technology Saturday 26 September 2026, 15:21 UTC By Kevin Crowley 1 min read
Key Points

Energy Exxon Signs Shale Deal With Azerbaijan for Middle Kura Basin ExxonMobil Holdings Corp. agreed to pump oil and natural gas from Azerbaijan’s shale fields as the Texas energy giant takes its fracking expertise overseas. ExxonMobil has entered a joint venture with Azerbaijan’s state oil company Socar that will allow it to explore and develop “unconventional hydrocarbon resources” in the Middle Kura Basin, the companies said in a statement. ExxonMobil will operate the project, pending...

Energy Exxon Signs Shale Deal With Azerbaijan for Middle Kura Basin ExxonMobil Holdings Corp. agreed to pump oil and natural gas from Azerbaijan’s shale fields as the Texas energy giant takes its fracking expertise overseas. ExxonMobil has entered a joint venture with Azerbaijan’s state oil company Socar that will allow it to explore and develop “unconventional hydrocarbon resources” in the Middle Kura Basin, the companies said in a statement. ExxonMobil will operate the project, pending approval by the country’s legislature.
Exxon Signs Shale Deal With (ORG) Azerbaijan (LOCATION) Kura Basin ExxonMobil Holdings Corp. (ORG) Texas (LOCATION) ExxonMobil (ORG) the Middle Kura Basin (LOCATION)
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