Greece sees gas grid deal with Azeri SOCAR progressing

Reuters — Greece’s privatization agency said on Wednesday that Azerbaijan’s state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Reuters reported.

“All the parties involved reiterate their commitment to complete the deal as soon as possible,” HRADF, the Greek privatization body, said in a statement.

The potential deal, that has been negotiated since 2013, would involve SOCAR buying a 66 percent stake in DESFA for around 400 million euros.