SOCAR expects the deal to purchase for 400 million euros a 66% of the Greek gas transmission operator DESFA, will be approved in early 2015, reads the report from SOCAR on November 6 in connection with the audit the transaction by the EU Antimonopoly Agency.
SOCAR appreciates the efforts and resources of the Antimonopoly Commission structure, "aimed at a deeper study of the transaction, and is ready for constructive cooperation." To check out the transaction the European Commission announced a second phase, during which a detailed study of the issue is planed to purchase a share DESFA. Usually it takes 90 working days, the report said SOCAR.
* The European Commission announced on November 5 that it had began checking because of fears that on the gas market in Greece competition will reduce. The Agency must make a decision at the end of March 2015, the agency dpa reported.
The transaction is associated with the construction project of 3,500-kilometer Trans Adriatic Pipeline. -02D-
Politics
-
The agreement reached at the COP29 climate summit has been hailed by UN Secretary-General António Guterres as a critical step in global efforts to combat climate change. Speaking after the conclusion of high-stakes negotiations, Guterres emphasized that the agreement is pivotal for maintaining the goal of limiting global warming to 1.5°C, a threshold considered crucial to preventing the worst impacts of climate change.
-
On 23 November at the COP29 climate conference in Baku, eco-activists from different countries held a protest action against the failure of countries to agree on climate finance.
-
On the eve of the closing of the COP29 climate conference in Baku, the Committee to Protect Journalists (CPJ) has drawn attention to the criminal cases of journalists detained in Azerbaijan.
-
Negotiations at the 29th session of the UN Framework Convention on Climate Change (UNFCCC) in Baku have been extended until November 24, a source in the UNFCCC Secretariat told the Turan news agency. According to the source, participants aim to finalize and sign the concluding documents by that date.
Leave a review