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In the News

Azerbaijan agreed to support Greece in crisis period

Azerbaijan Business Center

October 29, 2011

Greek Energy, Environment and Climatic Changes Minister Georgios Papakonstantinu obtained success during his recent visit to Azerbaijan.

Energy and Industry Ministry of Azerbaijan reports that within  the visit G. Papakonstantinu reiterated his invitation to Azerbaijan  to take part in privatization of state gas corporation DEPA.

" State Oil Company of Azerbaijan (SOCAR) can also take part in privatization of gas-transmission company DESPA. The  issue of its privatization is open in the agenda",- Papakonstantinu said.

DESPA owns a 50% share in the project of sub-water Greece-Italy (Poseidon) gas pipeline construction.

" We can start specific projects within Azerbaijani-Greek cooperation and are ready to discuss steps on provision of energy safety to be mutually beneficial",-  Azerbaijan Energy and Industry Minister Natig Aliyev said.

G. Papakonstantinu also noted that in spite of Greece’s debt problems they do not relate to the companies open for privatization. At the meeting the sides discussed prospects of cooperation in alternative energy area.

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