SOCAR
Economy
Greece Cancels DESFA Stake Sale to Azerbaijan's Socar
The Greek government on Wednesday cancelled the sale of a 66 percent stake of the Hellenic Gas Transmission System Operator (DESFA) to Azerbaijan's Socar.
The energy ministry announced that the Azeri company's proposal to reduce the price of the sale...
Economy
DESFA Sale Puts Strain in Greece-Azerbaijan Business Relations
The apparent failure of the agreement between Azerbaijan’s State Oil Company (SOCAR) to buy 66% of Greece's natural gas distribution network (DESFA) is putting a strain between Athens and the Azeri government.
According to a real.gr report, Azeri authorities are dissatisfied...
Economy
Azeri Gas Company Says No to Greece on Gas Pipeline Deal
The Azeri state energy company SOCAR said no to Greece on three requests made by new Greek Minister of Productive Reconstruction Panagiotis Lafazanis regarding the new Trans-Adriatic Pipeline (TAP).
In his recent visit to Baku and his meeting with President...
Energy
Greek Deputy Energy Minister: Natural Gas Prices to Fall by 20% in Q1 2015
Natural gas prices for industrial and household users are expected to fall by 20% in the first quarter of 2015 as a result of falling international oil prices, Greek Deputy Environment, Energy and Climate Change Minister Makis Papageorgiou said...
Energy
European Commission to Investigate Merger of Greek and Azeri Gas Transmission Companies
The European Commission has just started an in-depth investigation in order to assess whether the proposed acquisition of Greek public gas transmission system operator DESFA by the State Oil Company of Azerbaijan Republic (SOCAR) is in accordance with the...
Energy
Samaras Meets With Azeri President in Baku
Greek Prime Minister Antonis Samaras met on Friday night with BP Group Chief Executive Robert Dudley during his visit to Baku as one of several country leaders attending events related to the natural gas pipeline in Azerbaijan.
Earlier, Samaras attended a...
Business
Greece Wants Azeri Gas Investment, TAP
With privatization and foreign direct investment lagging, Prime Minister Antonis Samaras has discussed the sale of the country's gas transmission network DESFA with visiting Azerbaijan President Ilham Aliyev, and the construction of the the Trans Adriatic Gas Pipeline (TAP)...
Economy
Greece Seals Natural Gas Privatisation Deal with Azeri Company
Azeri state energy company Socar signed on Saturday afternoon in Athens the agreement for the acquisition of a 66 percent stake in Greece's natural gas transmission network operator DESFA.
The ceremony took place in the presence of Energy Minister Yiannis...
Business
SOCAR Acquires Slice of Greek DESFA
Socar (the state oil company of Azerbaijan) has acquired a 66% share in the Greek natural gas transmission network operator (DESFA). This agreement is significant in terms of gas supplies to Europe from Azerbaijan.
The President of Socar, Rovnag Abdullayev will arrive...
Economy
TAP Gas Through Greece to EU
The Trans-Adriatic Pipeline (TAP) is set to be announced by the Shah Deniz consortium - BP, Azeri state oil company SOCAR and France’s Total - on June 28 as the winner to carry Azerbaijan’s gas via Greece and Albania...