SOCAR's buying stake in DESFA fails

  02 May 2017    Read: 1365
SOCAR's buying stake in DESFA fails
The framework agreement signed between Greek government and creditors envisages sale of DESFA’s 66% share to only European countries, AzVision.az reports citing to RIA Novosti.
The framework agreement considers preparation of road map on liberalization of gas market till September. According to the decision, DESFA’s 66% share will be privatized. The agreement includes two conditions: 1) potential investor should be an European company; 2) after privatization, DESFA should operate on the basis of full private distribution model.

The process is expected to end by the end of this year.

More about: #SOCAR   #DESFA  


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