Azeri’s SOCAR eyes state gas company DEPA
Azeri state energy firm SOCAR wants to participate in a tender to buy a stake in Greek state company DEPA, a SOCAR official said yesterday.
“We are considering our participation in a tender on DEPA’s privatization... We are talking about purchasing the state’s stake in this company,” Vagif Aliyev, the head of SOCAR’s investment department, told reporters in Baku, without providing further details.
Greece owns 65 percent of natural gas company DEPA, with the remaining stake held by Hellenic Petroleum. In January, Greece appointed advisers for the possible sale of its stake in DEPA but nothing has since happened.
SOCAR signed a deal in April to supply gas directly to DEPA, bypassing Turkish intermediaries.
Aliyev said SOCAR was also interested in purchasing a stake in the Turkish gas distribution company, Ikdash.