The Greek government immediately sell its stake in the largest oil refinery in the country, Hellenic Petroleum, in the near future, or faster than the previous plan. This sale is part of the bailout measures the exchange of policies undertaken by the International Monetary Fund or IMF and the European Union worth 110 billion euros to minimize the impact of financial crisis in the region.
"Our plan is to Hellenic Petroleum to sell ownership shares in the first quarter of 2012 or sooner," said Environment Minister George Papaconstantinou told Greek newspaper in Athens Greece on Saturday (09/03/2011), such as Reuters news agency reported.
Greece target income of 50 billion euros from privatization until 2015. One source of income is the privatization of 35.5 percent stake in Hellenic Petroleum.
Hellenic Petroleum operates a refinery in Greece and the Macedonian region. Hellenic Petroleum market capitalization is 1.8 billion euros.
In addition to selling Hellenic Petroleum, other privatization programs that have been entered into the list of the Greek government is selling 55 percent stake in the company's natural gas fathoms.
In addition, the sale of shares in miner operator of natural gas as much as 31 percent DESFA. Both are expected to be sold in the fourth quarter of 2011.
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