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SOCAR determined to privatize Greek DEPA

Oil&Gas Materials 13 February 2013 18:12 (UTC +04:00)
A winner of the tender for the privatization of the Greek gas company DEPA will be determined in April-May 2013, a senior official of State Oil Company of Azerbaijan (SOCAR) said.

Azerbaijan, Baku, Feb. 13 /. Trend, A. Akhundov /

A winner of the tender for the privatization of the Greek gas company DEPA will be determined in April-May 2013, a senior official of State Oil Company of Azerbaijan (SOCAR) said.

"We participate in the tender, the winner of which will be decided in April-May. Currently we evaluate our prospects and the opportunity to continue the tender process. We are very determined at the moment," SOCAR representative said.

It should be noted that at present, the shareholders for the development of the Azerbaijani Shah Deniz gas condensate field are considering two possible routes of gas supplies to Europe - Nabucco West and Trans Adriatic Pipeline (passes through the territory of Greece.)

According to a SOCAR representative, both parties (the second party is Russian "Gazprom") participating in the tender, can change their initial proposals.

The main interest of Azerbaijani company is participation in privatization based on the fact that DEPA operates gas distribution networks and performs other gas operations in Greece.

The contract to develop the offshore Shah Deniz field was signed on June 4, 1996. The participants of the agreement are: BP (operator) - 25.5 percent, Statoil - 25.5 percent, NICO - 10 percent, Total - 10 percent, Lukoil - 10 percent, TPAO - 9 percent and SOCAR-10 percent.

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