Signing agreement with Greek DESFA postponed for technical reasons, says SOCAR president
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
-
Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
Leave a review