UP

Greece accuses EC of delaying DESFA deal

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto
Greece accuses EC of delaying DESFA deal

Greek Minister of Environment, Energy and Climate Change Panos Skourletis has accused the European Commission of delaying the deal on selling a share in Greece's DESFA gas transmission system operator to Azerbaijan’s state oil company (SOCAR), the Greek media reported July 26.

In his speech in the Greek parliament, Skourletis said that a number of conditions, set by the European Commission, greatly slowed the privatization process of the gas operator, the message said.

In particular, the company will become a passive shareholder, not entitled to vote in the management of the company, as a result of decreasing SOCAR’s share in DESFA up to 49 percent, the message said.

According to the message, Greek MPs stressed that the problems with the privatization of DESFA may deprive the country’s economy of SOCAR’s huge capital injections.

SOCAR won a tender in 2013 on the purchase of a 66-percent stake in DESFA for 400 million euros.

Earlier, Azerbaijan's Energy Minister Natig Aliyev said that the deal on SOCAR's purchasing the 66-percent share in Greece's gas transmission system operator DESFA will be completed after Italy's Snam purchases 17 percent of that share.

Date
2016.07.26 / 15:01
Author
Axar.az
See also

Turkish lira weakens against dollar

Oil prices fall again on global markets

Gold prices hit a record high above $4,300 per ounce

Oil prices edge up on world markets

Gold crosses $4,200 for first time

Oil prices keep falling on global markets

Oil prices keep climbing in global markets

Oil prices continue to fall on global markets

Oil prices fall on global markets

Oil prices slightly down in global markets

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla