Arnold Schwarzenegger's environmental organization R20 has signed a deal to become an official partner of Dubai's 2015 World Green Economy Summit. The agreement was signed at the R20 summit in Paris. Dubai Electricity and Water Authority CEO Saeed Al Tayer praised Schwarzenegger's efforts to support global climate change efforts and said R20 supports public and private sector strategies for a green economy.
Statoil has sold its 15.5% stake in the Shah Deniz gas field in Azerbaijan to Malaysian state oil company PETRONAS for $2.25 billion. The sale is part of Statoil's portfolio optimization efforts to focus on high-potential future developments and increase financial flexibility.