Thursday, December 1, 2016

Azeri SOCAR says DESFA deal failure won't affect investments in Greece - REUTERS

Thu Dec 1, 2016 | 10:05am ESTReporting by Nailia Bagirova; writing by Katya Golubkova; editing by Maria Kiselyova

Azeri state energy company SOCAR said on Thursday its failure to reach an agreement on buying a 66-percent stake in Greek gas grid operator DESFA would not affect its investment plans in Greece and the region.

The Greek Energy Ministry said on Wednesday SOCAR's proposal to reduce the price of the 400 million euro deal was unfeasible.