Next week the Greek government wll resume talks with State Oil Company of Azerbaijan (SOCAR) to sell a bloc of shares of DESFA, operator of the gas transportation system, Greek Ekathimerini quoted Greek Minister of Industrial Reform, Protection of Envrionment and Energy as saying.
He said the main subject of discussion will be share of DESFA, which will be sold to SOCAR.
In early May Bloomberg said that the Greek government considers the possibility of sale of 49% share of DESFA to SOCAR.
In summer 2013 SOCAR won the tender to sell 66% share of DESFA for 400 million Euro.
At present the deal is being considered by the Directorate of the European Competition Commission. The procedure will last till the end of the year.
In November 2014 European Comission started investigation of correspondence of the deal of purchasing of the share in DESFA to the EU regulations.—0—
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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