Directorate of the European Commission on Competition has postponed the term of consideration of the deal on purchase of 66% shares of Greek DESFA gas distribution operator by SOCAR.
It was earlier planned that the consideration will take place before March 23, but the final date of the procedure has been postponed till April 22, 2015.
In June 2013 Greece sold the bloc of shares (66%) of DESFA to SOCAR for 400 million Euro, However, the EU puts the obstacles to the actual handover of the shares.
While commenting on the deal earlier SOCAR President Rovnag Abdullayev said that Europe and Greece need the project more, than Azerbaijan.—0—
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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