SOCAR

The State Oil Company of Azerbaijan (SOCAR) announced on Friday that it has reached a principal agreement with Hellenic Republic Assets Development Fund (HRADF/TAIPED) to acquire a 66 percent stake in Greece natural gas transmission system operator - DESFA. Both...

With Greece's privatization program staggered by the failure to get even a single offer for the natural gas company DEPA, the lone bidder for the distribution branch, DESFA - Azerbaijian's state energy company SOCAR is said to hiked its...

SOCAR and Greek government have started the negotiations on privatization of Greek gas company DEPA, said President of SOCAR Rovnag Abdullayev, APA-Economics reports. To him, Azerbaijan is on the threshold of purchase of a large gas company: ‘All the issues...

The European Commission didn't play a role in the process that saw Russian giant OAO Gazprom withdraw its bid for Greece's natural-gas monopoly DEPA, a European Union spokesman said on June 11, amid speculation that the United States was...

After failing to get a single bidder for its natural gas company DEPA as part of a lagging privatization effort, Greece is going to relaunch the tender process again in hopes someone will have some interest, Deputy Energy Minister...

With the sale of its stake in the gambling monopoly OPAP to a Greek-Czech group done, Greece is turning its attention to selling off the the Public Gas Corporation DEPA and gas network operator DESFA, but the process has...

Moving to speed the pace of privatizations as demanded by international lenders, Greece has received a high bid for its state-run gas company DEPA of up to 1.9 billion euros ($2.5 billion) from Russian energy firm Sintez Group, the...