SOCAR resuming DESFA talks

SOCAR resuming DESFA talks

 

Next week, the Greek government will resume talks with Azerbaijan’s state oil company SOCAR on the sale of a controlling interest in Greece’s gas transmission system operator DESFA, the productive reconstruction, environment and energy minister of Greece, Panos Skourletis, said.


The main topic of discussion will be the share in DESFA which will be sold to SOCAR.


Bloomberg reported earlier that Greece is considering the sale of a 49% share in DESFA. In December 2013 SOCAR won a tender on the sale of a 66% share in DESFA for 400 million euros.


Currently, the deal is being considered by European Commission’s Directorate-General for Competition. In November 2014 the European Commission started an inquiry into the compliance of the deal on acquisition of a stake in DESFA with the EU’s regulations, Trend reports.

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