Athens Macedonian News Agency: News in English, 16-01-20

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Iranian oil minister to visit Athens on Jan. 22 to discuss energy cooperation

[02] Privatization agency accepts Cosco's improved offer for 67% of OLP

[01] Iranian oil minister to visit Athens on Jan. 22 to discuss energy cooperation

According to a ministry announcement, the two sides will discuss energy relations between the two countries with an emphasis on the oil sector, while a wider meeting will follow with representatives from the two countries, the management of Hellenic Petroleum (ELPE) and Iran's state oil company NIOC. The ministry has not yet announced the time of the meeting.

According to Iranian news agency Shana, Zamaninia's visit will be a preliminary to an upcoming visit to Tehran by Prime Minister Alexis Tsipras.

Greece has started consultations with Tehran on ELPE's debts, relating to crude oil purchases from Iran between December 2011 and March 2012, under a long-term contract with state oil company NIOC. Despite ELPE's efforts to meet its obligations, the company was unable to pay its debt due to the imposition of the international sanctions on Iran.

[02] Privatization agency accepts Cosco's improved offer for 67% of OLP

The group was the only company that had submitted a bonding offer for the country's biggest port last week and the agency had requested an improved offer. As soon as Cosco submits the documents required it will be designated as a preferred investor, according to the terms and conditions of the tender.

Besides acquiring 67 pct of Piraeus Port, Cosco has also committed to investing 350 million euros in the next five years.

OLP's valuation in the Athens stock market stood at 337 million euros at the end of trading on Tuesday.

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