(Details added, first version posted at 18:51)
Baku, Azerbaijan, Dec. 1
By Azad Hasanli – Trend:
Azerbaijan’s state oil company SOCAR’s termination of the deal with Greece’s government on acquiring a 66-percent stake in the Greek national gas transmission system operator DESFA will not affect SOCAR's further investments in this country and region, SOCAR said in a message Dec. 1.
SOCAR, Snam [Italian natural gas infrastructure company] and Greece’s government have been holding intensive talks for the last few months against the background of changes in legislation that affected DESFA’s financial position and market value.
The talks were held in a friendly atmosphere and the Greek government has always favored the agreement, said the message.
However, the parties were unable to reach an understanding and consequently, the deal was terminated Nov. 30, according to the SOCAR message.
SOCAR won a tender in 2013 on the purchase of a 66-percent stake in DESFA for 400 million euros.
The Azerbaijani company intended to obtain a 31-percent stake from the Greek government and to buy a 35-percent stake in the Hellenic Petroleum.
It was expected that the deal will be closed only after the purchase of at least a 17-percent stake out of SOCAR’s 66-percent by Italy’s Snam.
SOCAR extended the term of a letter of guarantee on the tender to buy DESFA’s stake for another month in September and October. A letter of guarantee expired on November 30.
In late November, Greece’s Hellenic Republic Asset Development Fund (HRADF) again requested from Azerbaijan’s state oil company SOCAR to extend the term of a letter of guarantee on a tender on SOCAR’s acquiring a 66-percent stake in the Greek national gas transmission system operator DESFA until Dec. 23
The HRADF appealed to SOCAR with the aim of proper execution of the DESFA privatization contract.
Latest
-
World-famous travelers arrive in Azerbaijan's Fuzuli, observe demining process (PHOTO)
-
Tajik Sughd Region unveils data on footwear, garment production
-
Truth about second Karabakh war from Russian FM trigger public outcry in Armenia
-
Quality, pace of restoration work in Karabakh exceeds expectations - Italian traveler (VIDEO)
-
Agreement on trade, economic cooperation between Azerbaijan, Türkiye, Turkmenistan approved - decree
-
Iran’s Jey Oil Refining Company launches new bitumen production, storage facility
-
Azerbaijan's MoD talks certificate presenting ceremony following training course with UK specialists (PHOTO)
-
Azerbaijan's Karabakh – incredibly beautiful region, says English traveler
-
Weekly review of Azerbaijan's oil market
-
Internationally acclaimed travelers present gifts to children in Azerbaijan's Shusha (PHOTO)
-
Western world harshly condemns Iran for violating nuclear deal
-
Iran names details of agricultural exports from Qazvin Province
-
World-famous travelers visit Shusha fortress in Azerbaijan (PHOTO)
-
Japan strives to develop comprehensive cooperation with Turkmenistan
-
Azerbaijani MP awarded "Shohrat Order" following presidential decree
-
Internationally acclaimed travelers take city tour in Shusha (PHOTO)
-
Over dozen vehicles of Russian peacekeepers pass freely along Azerbaijan's Lachin-Khankendi road (PHOTO)
-
Turkmenistan Airlines restores regular flights between Ashgabat and Russian Kazan
-
Weekly review of Azerbaijan’s foreign exchange market
-
Industrial production in Tajikistan’s Sughd Region increase
-
Iran publishes data on monthly auto manufacturing
-
Afghan citizens detained for attempt to illegally cross Iran-Azerbaijan border
-
Russia registers 9,681 new Covid cases with 40 fatalities in past 24 hours
-
Travelers from 12 countries visit Shusha's Jidir Duzu (PHOTO/VIDEO)
-
Georgian Economy Minister discusses cooperation with Lithuanian Energy, Transport ministers
-
Azerbaijan's Economic Zones Development Agency talks Yevlakh Pilot Agricultural Park
-
Loading/unloading activity at Iran’s Genaveh port increases
-
Azerbaijan continuing rapid reconstruction activities on liberated lands – Spanish traveler (VIDEO)
-
Tajikistan, Russia talk creation of joint industrial venture
-
Internationally acclaimed travelers observe peaceful protests on Azerbaijan's Lachin-Khankendi road (PHOTO/VIDEO)
-
Turkmenistan to send batch of liquefied gas to Uzbekistan free of charge
-
World-renowned travelers arrive in Azerbaijan's Shusha (PHOTO)
-
Azerbaijan's border guards suppress drug smuggling from Iran (PHOTO)
-
Iran Customs Administration shares data on saffron exports
-
TAP crosses 20 bcm mark of gas supplies to 3 countries - managing director
-
Turkmenistan and South Korea intend to establish partnership in field of shipbuilding
-
Land Forces of Azerbaijan hold practical shooting exercises (VIDEO)
-
Azerbaijan State Tourism Agency discloses number of tickets sold to tourists
-
Kazakhstan to introduce major industrial projects - ministry
-
Kyrgyzstan opens up its airspace for use by Tajik airlines
-
Central Bank discloses amount of loans issued in Iran’s trade sector
-
Azerbaijani oil prices decline
-
bp planning to put 3 more wells on production at Shah Deniz - Gary Jones
-
Vehicles of Russian peacekeepers pass freely along Azerbaijan's Lachin-Khankendi road (PHOTO)
-
bp working to reach production plateau at Shah Deniz – regional director
-
International delegation visits Azerbaijan's Azykh cave (PHOTO)
-
ICRC convoy moves freely along Azerbaijan's Lachin-Khankendi road (PHOTO)
-
AIIB provides financing for implementation of Tajikistan’s Rogun HPP project
-
Trip of world renowned travelers to Karabakh, East Zangazur kicks off (PHOTO)
-
Branch of Russia’s Tatneft in Turkmenistan opens tender for purchase of chemical products
-
bp working with SOCAR to find ways of boosting gas supplies to Europe - Gary Jones
-
Peaceful protest of Azerbaijani eco-activists continues on Lachin-Khankendi road (PHOTO)
-
Serbia-Azerbaijan co-op becoming strategy-wise, owing to excellent personal relations between President Ilham Aliyev and President Aleksandar Vucic - Dubravka Djedovic (Interview)
-
13 dead in Chile forest fires
-
Messi considering playing on until 2026 World Cup
-
Türkiye’s light attack aircraft Hürjet successfully passes engine test
-
Blinken tells senior Chinese diplomat that `spy balloon’ violated US sovereignty
-
US says $2.2 billion arms package for Ukraine includes longer-range precision rockets
-
France mulls extending nuclear reactors' lifespan
-
Moscow, Beijing to cooperate, respect each other’s interests at UNSC — MFA
-
US imposes sanctions on board of directors of Iranian drone maker
-
Spain lowers Russian oil import by 73% in 2022
-
Pentagon says Chinese balloon violates international law, poses no risk for people
-
China to raise gasoline, diesel retail prices
-
EU countries agree $100/bbl price ceiling for Russian oil products
-
Türkiye’s inflation rate slows for third month
-
Security Department of Baku's Sabunchu District opens tender for car maintenance services
-
Azerbaijani ministry talks activity of Italian companies in country's liberated lands
-
Azerbaijan, EU to continue effective dialogue to reinforce energy security
-
Azerbaijan's Real Estate Cadastre, Registry Service to buy IT equipment via tender
-
Türkiye, Azerbaijan sincere in steps aimed at development of S. Caucasus – Turkish FM
-
Energy security issues became more and more important for every country - President Ilham Aliyev (FULL SPEECH)
-
Azerbaijan plays paramount role in Europe's energy supply – British ambassador
-
Azerbaijan-Türkiye energy cooperation only going to grow – minister
-
No obstacles to transportation of Azerbaijani gas to Balkan countries - minister
-
Azerbaijan eyes signing new gas supply contracts – minister
-
Working group to be established within Azerbaijan's green energy supply project to Europe – minister
-
EAEU to begin deliveries via Eurasian Agroexpress to Turkmenistan, Iran, UAE and India
-
Entrepreneurs from UAE, Uzbekistan purchase aviation fuel from commodity exchange in Turkmenistan
-
Russian region exports large volume of flour to Turkmenistan
-
Azerbaijan names projected volume of gas exports to Türkiye (PHOTO)
-
Implementation of gas hub project in Türkiye is not an issue - minister
-
EU plans to attract investments in expansion of Southern Gas Corridor - Kadri Simson
-
Kadri Simson thanks Azerbaijan for increasing gas supplies in 2022
-
ACWA Power and Azerbaijan to jointly develop energy storage systems
-
Saudi ACWA Power to implement onshore wind energy project
-
Azerbaijan, ACWA Power sign agreement on offshore wind power project (PHOTO)
-
Azerbaijan working to return residents to Zabukh, Sus villages, cities of Shusha, Lachin, Zangilan
-
Azerbaijan shares data on number of vaccinated citizens
-
Azerbaijan confirms 24 more COVID-19 cases, 21 recoveries
-
EDB to carry out feasibility study of Kyrgyz Kambarata HPP-1
-
Azerbaijan to tax interest income on deposits, account balance
-
Türkiye discloses freight transport volume from Egypt via local ports
-
Prices for Kazakh coal surge in Kyrgyzstan, Uzbekistan
-
2022 brings further growth for FINCA Azerbaijan
-
Romania to become reliable partner in Southern Gas Corridor’s future dev’t – minister
-
TAP to enhance diversification of EU's energy supply - Greek official
-
Kyrgyzstan eyes completion of common gas market development in EAEU by 2025
-
$1.37bln infrastructure projects for 2023 outlined in PM meeting with Minister
-
Azerbaijani gas to play crucial role for Central Europe’s energy security - Peter Szijarto
-
Residents of Azerbaijan's Aghaly village participate in employment programs (PHOTO)
-
Azerbaijan continues work on pedestrian crossings on Baku-Guba-Russia's state border highway (PHOTO/VIDEO)
-
Entire Europe will benefit from Ion-Adriatic Pipeline - vice PM of Montenegro
-
Italy hopes for expansion of Southern Gas Corridor – minister
-
President Ilham Aliyev gave instructions to sign protocol on abolition of death penalty in all cases – assistant to president
-
Additional gas reserves, sources need to boost supplies to Europe - Turkish minister
-
Iran patronizes terrorist who attacked Azerbaijan's embassy, by putting him in mental hospital
-
Serbia hopes to get gas supplies from Azerbaijan soon - minister
-
Azerbaijani Economy Minister, European Commissioner for Energy discuss green energy transition (PHOTO)
-
Gas supply to Southeastern Europe to be ensured, thanks to Azerbaijan's foresight - Croatian official
-
Azerbaijan to become important green energy, hydrogen supplier to Europe – minister
-
Azerbaijan-Georgia-Romania-Hungary Working Group established (PHOTO)
-
Azerbaijan awards those who prevented terror attack on Azerbaijani Embassy in Iran
-
Kazakhstan announces open banking development strategy
-
Azerbaijani, Hungarian FMs hold meeting (PHOTO)
-
Baku Higher Oil School marks National Youth Day (PHOTO)
-
International “2023 Winter Exercises” wrap up in Türkiye (VIDEO)
-
Azerbaijan ranks first among main crude exporters to Italy
-
Hungary seeks to obtain Azerbaijani gas imports as soon as possible – minister
-
Kazakhstan registers growth in business activity index
-
SOCAR, Romgaz ink agreement on gas supply (PHOTO)
-
Prices of some Tesla models cut in South Korea
-
Tesla sales of China-made electric vehicles up 18% in January
-
Turkmenistan to put dozens of state-owned properties up for auction
-
Area of new intensive, super intensive gardens in Azerbaijan's agroparks revealed
-
Azerbaijani Army holding classes of new training period (PHOTO/VIDEO)
-
UK counts on further enhancement of energy relations with Azerbaijan – ambassador
-
KazMunayGas steps up measures to alleviate gasoline shortage
-
Submarine power cable through Black See adds to European energy security, thanks to Azerbaijan's renewables - US official
-
US to assist Azerbaijan in securing European power grid - US official
-
Azerbaijani ISFA LLC to export almond seedlings to Kyrgyzstan
-
Azerbaijan's Professional National Theater to celebrate 150th anniversary – decree
-
Prospects of Azerbaijan's relations with European Parliament and Latvia discussed at Baku Network (PHOTO/VIDEO)
-
Azerbaijan amends law on gas supply
-
Turkmen state concern opens tender for purchase of equipment
-
Official visit of Romanian President Klaus Iohannis to Azerbaijan ends
-
Southern Gas Corridor justifies its strategic importance - Romanian minister
-
EBRD to launch support for Kazakh startups
-
Southern Gas Corridor - Azerbaijan's most important international energy project, Italian minister says
-
Signing of Azerbaijan-Hungary MoU on gas supplies expands number of countries members of our team - President Ilham Aliyev
-
EU, Azerbaijan and partner countries working to ensure energy security - EU official
-
TAP joins initiative to reduce methane emissions
-
US may invest in Azerbaijan's green energy - US Deputy Assistant Secretary
-
Bulgarian News Agency launches press club in Türkiye's Ankara
-
Uzbekistan Airways to open new flights to Russian cities
-
Kyrgyzstan, Tajikistan delegations hold talks on border delimitation
-
Convoy of Russian peacekeepers passes freely along Azerbaijan's Lachin-Khankendi road (PHOTO)
-
Available funds of Azerbaijan's State Social Protection Fund may be used for investments
-
Turkmenistan discloses number of livestock in farm of Dashoguz region
-
Volume of exports of cereals from Russia's Tyumen to Azerbaijan revealed
-
Kazakh farmers to receive financing for spring field work
-
Baku SME House offers services for food industry entrepreneurs
-
Industrial producer price in Kyrgyzstan increases
-
President Ilham Aliyev receives Minister of Environment and Energy Security of Italy (PHOTO/VIDEO)
-
Interconnector Greece-Bulgaria - important milestone, President Ilham Aliyev says
-
Azerbaijan's Unemployment Insurance Fund may use available funds as investments
-
Submarine electricity cable project in Black Sea to provide valuable contribution to European energy security - Romanian president
-
More vehicles of Russian peacekeepers pass freely along Azerbaijan's Lachin-Khankendi road
-
President Ilham Aliyev receives delegation headed by EU Commissioner (PHOTO/VIDEO)
-
Additional gas volumes in Black Sea to become available in coming years - Romanian president