The deal to buy 66% shares of Greek DESFA gas distribution state company by State Oil Company of Azerbaijan (SOCAR) has failed for technical reasons, SOCAR President Rovnag Abdullayev said in his interview to Azerbaijani ANS TV channel.
He refuted information distributed by some Greek and Russian media that the deal has failed, because Russian Gasprom company has offered a new proposal to buy DEPA instead of DESFA.
“I would like to state officially that there was a technical faultiness in the plane of Greek Premier,” Abdullayev said and explained that this is the reason of failure of the Greek side to arrive in Baku for the signing ceremony. He added that there are no obstacles for concluding the deal.
“I see no problems with DESFA privatization. I have not seen Greece’s desire to create any problems. They need the deal, more than we do,” said SOCAR President.
It was planned to sign the agreement with the Greek Hellenic Republic Asset Development Fund (HRADF) to buy DESFA shares by SOCAR on December 17, 2013.—0—
Economics
-
In Azerbaijan, it is expected that the state will regulate the price of AI-95 gasoline. This was mentioned by Rauf Qurbanov, head of the Economics Department at the Ministry of Energy, during a meeting of the Parliamentary Committee on Natural Resources, Energy, and Ecology on November 19, where proposed amendments to the "Law on Efficient Use of Energy Resources and Energy Efficiency" were discussed. According to him, AI-95 could soon be included in the list of goods and services whose prices are regulated by the government.
-
Natural gas currently meets 23% of global primary energy needs and plays a critical role in driving economic growth, improving living standards, and achieving environmental goals, according to Mohammed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF). He spoke during the second joint meeting of the GECF and OPEC at COP-29.
-
Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, outlined ambitious plans for the growth and digitalization of the Middle Corridor during a ministerial roundtable on "Sustainable, Digital Middle Corridor" at COP29 on Monday.
-
The Trump administration may seek to reduce U.S. funding for the International Energy Agency (IEA) or appoint a U.S. envoy to influence the agency’s methodology on fossil fuel forecasting, according to S&P Global Commodity Insights.
Leave a review