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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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