The question of acquiring 66% in DESFA by the State Oil Company of Azerbaijan (SOCAR) has finally lost relevance.
The Greek government denied the applicant, in spite of the progress in the negotiations. According to the Ministry of Environment and Energy of the country, their position was influenced by the proposal submitted by the candidate buyers (SOCAR and the Italian SNAM) about payment in installments due to the depreciation of the asset. The bankrupt country needs "real money", and alternative offers of the customers did not satisfy the Government of Greece for government guarantees.
Recall the deal to acquire 66% DESFA assets was estimated at 400 million Euros, but in the worst of times for Greece it was blocked by the European Commission, whose statute does not allow monopoly. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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