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

19 September 2019
279 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

Coronavirus Greece: Four new cases, one fatality & 18 intubated
GREECE
shares22 views
GREECE
shares22 views

Coronavirus Greece: Four new cases, one fatality & 18 intubated

makis - May 25, 2020

Professor Sotiris Tsiodras announced four new cases of the coronavirus in our country in the last 24 hours. The total…

Berlin Church opens to Muslims for prayer
WORLD
shares21 views
WORLD
shares21 views

Berlin Church opens to Muslims for prayer

Panos - May 25, 2020

A church in Berlin has opened its doors to Muslim worshippers unable to fit into their mosque under new social…

Cafes, restaurants reopening with strict safety rules
FINANCE
shares23 views
FINANCE
shares23 views

Cafes, restaurants reopening with strict safety rules

Panos - May 25, 2020

Greece’s cafes and restaurants are reopening for business on Monday following a long hiatus, as they closed just over two…

Leave a Comment

Your email address will not be published.