The State Oil Company of Azerbaijan (SOCAR) does not intend to reduce its 66% share in Greek gas transmission system operator DESFA, the head of SOCAR Investments Department, Vagif Aliyev, said.
Despite proposals by Greek side on reconsideration of the signed contract and a reduction of SOCAR's share to 40%, the Azerbaijani side didn't change its position: "SOCAR does not intend to sell or reduce its 66% share in DESFA," APA cited Aliyev as saying.
Currently, the Directorate-General for Competition of the European Commission is considering the issue on privatization of DESFA.
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