Three years on from striking its deal to buy a stake in Greek transmission system operator DESFA, State Oil Company of Azerbaijan Republic (SOCAR) is still no closer to establishing a foothold in southeastern Europe. But while this may be a blow for Baku, it could be a shot in the arm for Gazprom.
SOCAR won a Greek government tender in July 2013 for the sale of a 66% stake in DESFA with a €400 million ($446.8 million) bid. However, the deal has still not been...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up