BUSINESS

Saudi mission shows interest in country’s privatizations

It was made clear during a Friday meeting in Athens between Energy Minister Yiannis Maniatis and members of the Saudi parliamentary committee on friendship with Greece that Saudi Arabia has a strong interest in Greek privatizations and is looking forward to closer cooperation with Athens on energy issues through new synergies.

In the presence of Costas Mathioudakis, Greece’s general secretary for energy, and Saudi Ambassador in Athens Rayed Khalid A Krimly, the meeting confirmed the warm ties between the two countries and the prospects for new agreements that could be mutually beneficial.

The Saudi ambassador and his compatriots expressed particular interest in the privatization of companies in the Greek energy sector, in issues of energy sufficiency and in renewable energy sources.

Imports of Saudi petrochemicals to Greece doubled in 2012 from 2011, amounting to over 2.5 billion euros, while the Greek merchant fleet plays a key role in Saudi Arabia’s external trade.

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