Hess (HES +4.1%) continues its spate of asset sales, agreeing to sell its 2.72% interest in the...

|About: Hess Corporation (HES)|By:, SA News Editor

Hess (HES +4.1%) continues its spate of asset sales, agreeing to sell its 2.72% interest in the Azeri, Chirag and Guneshli Fields in Azerbaijan and its 2.36% interest in the associated BTC pipeline to India's ONGC Videsh for $1B. The sale, expected to close in Q1 2013, is subject to Indian and other government and regulatory approvals.