World Bulletin / News Desk
Greece wants binding bids for its state-owned natural gas company andgas grid operator by the end of September and hopes to complete their sale in late autumn as it revives its privatisation drive, a government official told Reuters on Monday.
Hoping to regain credibility with international lenders keeping Greece afloat, the new conservative-led government has made speeding up privatisations a priority but has admitted delays from repeat elections in May and June.
After a meeting between political leaders and the finance minister on privatisations, the official said the government's priorities also included the sale of betting firm OPAP , the old Athens airport and buildings in Athens and on the islands of Corfu and Rhodes.
"What we're aiming for through the privatisations, apart from generating revenues, is to change the role of the state in the economy," the official said on condition of anonymity.
He said Russian, Italian, U.S. and French companies had expressed an interest in the natural gascompany DEPA and gas grid operator DESPA.
Athens initially targeted privatisation proceeds of 50 billion euros ($62 billion) by 2015 but cut the targetto 19 billion euros after a making slow start on the programme.
Former privatisations chief Costas Mitropoulos, who stepped down last month after accusing the government of hindering his efforts to sell assets, estimated that Athens would not raise more than 300 million euros from privatisations in 2012.
It had targetted 3 billion euros for this year.
More than 90 percent of the privatisation programme includes the lease and sale of concessions of state land and infrastructure, the government has said.
Long queues at public petrol stations in Sana'a, as private stations have little fuel to oil to sell
The Yue Yuen facilities in Gaobu comprise the company's biggest manufacturing centre. In addition to Adidas, it also makes shoes for Nike Inc , Saucony and other global brands
The British oil major has paid out billions of dollars in compensation under a settlement. Some claimants are satisfied, but others are irate that BP is now challenging aspects of the settlement
GM plans to build five more plants in China next year, as part of its efforts to ramp up manufacturing capacity there by 65 percent by 2020
Production from conflict-free mines are bagged and tagged with a barcode to make it easily traceable.
"We will further expand our capacities to be able to respond to the high market growth," Jochem Heizmann, head of VW's China operations told reporters on Saturday ahead of the Beijing auto show.
The State Duma lower house on Friday ratified a 2012 agreement to write off the bulk of North Korea's debt. It said the total debt stood at $10.96 billion as of Sept. 17, 2012.
Mt. Gox, once the world's biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company's bid to resuscitate its business.
Discussions will continue in the days and weeks ahead, but there is no particular deadline for concluding the talks, the official added.
Russia's oil output stands at over 10 million barrels per day, the world's largest, but it needs new sources of crude oil, including hard-to-recover deposits and the Arctic, to sustain this level
The strike at Yue Yuen is not just one of China's biggest in recent years, it's also more clearly driven by workers' fears that they have been scammed by an opaque and convoluted welfare payment system.
When the system is in place citizens will be able to buy a limited amount of subsidised fuel, and will have to pay a normal, market price for any extra quantities.
Production in Upper Nile state's Paloch oilfields, where output has not been hampered by the conflict, stood at 159,000 barrels per day this week.
Dragomir Stoynev accused fellow European Union members of a politically-motivated attempt to scupper the project, and urged the bloc to understand the effect that doing so would have on its members.
The drops have come mainly because Japan did not take any cargoes in March and South Korea is not scheduled to take any shipments in April, according to the tanker data.
Japan's finance ministry and central bank have declined to comment on the payments.