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Athens Macedonian News Agency: News in English, 13-06-25

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Socar announces agreement to buy 66 pct of DESFA‏

  • [01] Socar announces agreement to buy 66 pct of DESFA‏

    ANA-MPA -- Socar, the Azeri state energy company, on Friday announced it has reached an agreement with Greek authorities to buy a 66 pct equity stake in DESFA - the operator of the national natural gas system.

    In an announcement on its website, Azernews said that the advisory groups of Socar and Hellenic Republic Asset Development Fund were working on the last technical issues of the deal.

    Rovnag Abdullayev, Socar's chairman, said the decision to buy a majority stake in DESFA was harmonized with existing high-level relations between Greece and Azerbaijan and between Socar and top Greek energy companies.

    "Socar has a great interest in beginning activities in Greece as this will be our first such plan in the European Union," Abdullayev said. He added that Socar was very optimistic over the future cooperation with DESFA.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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