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“Clearly, allocating CapEx to the development of extra heavier projects in the Orinoco Belt will not be consistent with our hydrocarbon state strategy in terms of CO2 intensity of new hydrocarbon CapEx,” Pouyanné told analysts in an earnings call on Thursday. Equinor said the transaction supports its “corporate strategy to focus its portfolio on international core areas and prioritised geographies where Equinor can leverage its competitive advantages.” By Luc Cohen and Terje Solsvik. Full Text -> Devdiscourse
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