Tag: Greece

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 […]

ADMIE posted record revenues from interconnection usage rights – Greece, 10 May 2016

Greek electricity system transmission operator ADMIE has posted record high revenues from interconnection usage rights in 2015 provided by Turkey, Bulgaria, Macedonia, Albania and Italy, which amounted to 57.3 million euros. Previous record was set in 2014, when these revenues amount to some 45 million euros, opposed to preceding years when the revenues from interconnection […]