Tag: Greece

Construction of Greek section of TAP started – Greece, 17 May 2016

Greek Prime Minister Alexis Tsipras officially launched the construction of 550 kilometers long Greek section of Trans-Adriatic gas pipeline (TAP), a project that will create some 8,000 new jobs and the investment of 1.5 billion euros, much needed for crisis-ridden Greek economy. TAP will deliver natural gas To Europe from Shah Deniz 2 field in […]

SOCAR still looking for buyer for 17 % stake in DESFA – Greece, 13 May 2016

Greek Minister of Energy Panos Skourletis said that State Oil Company of Azerbaijan (SOCAR) is still looking for a buyer for 17 % stake in Greek natural gas transmission system operator DESFA. Minister Skourletis said that he is about to meet with leading SOCAR officials in Thessaloniki next week during the ceremony for the launch […]

ELPE recorded net profit of 32 million euros in the first quarter – Greece, 12 May 2016

Greek Hellenic Petroleum (ELPE) has posted a net profit of 32 million euros in the first quarter of 2016 despite low international crude oil prices and decreasing demand in the local market. This year’s result is significantly better than the one posted in the first quarter of 2015, when net profit amounted to 17 million […]