Total, ExxonMobil, Repsol & ELPE in Crete and the Ionian Sea

19 September 2019
354 Views

Four bills ratifying a number of leases for the concession of exploration and exploitation of hydrocarbons in four maritime areas in Crete and the Ionian Sea were submitted to the Greek parliament yesterday by the ministry of environment and energy.

The ministry in charge characterized the development as “a vote of confidence of major international oil companies to invest 140m euros in explorations”, while noting that the ratification of the contracts – the negotiations for which lasted from 2015 to 2019 – reinforce Greece’s extroversion in the growing field of hydrocarbon research and exploitation.

Specifically, the two contracts signed on 27 June 2019 between the Greek State – represented by the Minister for the Environment and Energy and the Greek Hydrocarbon Managing Authority – and Total, ExxonMobil and Greek Petroleum Consortium are being ratified for the “Southwest Crete” and “Western Crete” marine areas.

You may be interested

Over a third of Greeks in favour of military conflict with Turkey if it drills in Greek waters, poll says
GREECE
shares10 views
GREECE
shares10 views

Over a third of Greeks in favour of military conflict with Turkey if it drills in Greek waters, poll says

Panos - Sep 18, 2020

Ruling New Democracy leads major opposition party SYRIZA by 16.9 points, according to a poll conducted by Alco aired on…

Cyclone Ianos moving towards Greece (watch live feed)
GREECE
shares17 views
GREECE
shares17 views

Cyclone Ianos moving towards Greece (watch live feed)

Panos - Sep 18, 2020

A rare Cyclone Ianos is currently moving eastward, toward the Greek western coastal area and should be close to it…

Moody’s Investors Service downgrades 13 Turkish banks
FINANCE
shares24 views
FINANCE
shares24 views

Moody’s Investors Service downgrades 13 Turkish banks

Panos - Sep 17, 2020

Moody’s Investors Service downgraded 13 Turkish banks, just days after downgrading the Turkish economy’s credit rating. The outlooks on the long-term deposit…

Leave a Comment

Your email address will not be published.