Consideration of SOCAR’s DESFA Stake Purchase Deal Extended

The European Commission’s Competition Directorate-General extended the consideration of the deal on acquisition of 66 percent stake in the Greek gas operator DESFA by Azerbaijan’s state oil company SOCAR until late 2015, the SOCAR head, Rovnag Abdullayev, told reporters Apr. 28.

"The European Commission’s directorate-general continues to consider this issue,” he said. "Our working group is responding to the requested questions.”

"The main issue is the conformity of the deal with the third energy package of the EU, which allegedly could hinder the development of competition. Now we aren’t selling gas to Europe, so we have to make concessions on this issue. But the work continues,” said Abdullayev.

(Cihan/Trend az)