Az­eri’s SOCAR eyes state gas com­pany DEPA

Kathimerini English - - Business & Finance -

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.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.