Indian Oil Company Interested in Greek Hydrocarbons

oil explorationAnother oil company, the Indian Oil and Natural Gas Corporation (ONGC) has been added to the list of those interested in hydrocarbon exploration in Greece. Its interest was made clear during a meeting between the Minister of Environment Giannis Maniatis and a delegation of ONGC executives.

The executives said that they were following developments in the region and that they were interested in taking part in the tenders for the Ionian Sea and southern Crete regions which are expected to be launched later this year.

The ONGC visit to Greece was organized after an invitation by the Greek start-up company “Invest in Greece.” During the visit, Indian executives also met with representatives of Greek oil companies.

ONGC is the largest state-owned oil and gas exploration and production company in India. It produces 69 percent of India’s crude oil and 62 percent of its natural gas. It employs 32,000 people world-wide and is the second largest company listed on the Indian stock market in terms of market capitalization.

 


  • Complaints007

    This company should save its money and look elsewhere..They are wasting their time and money..

  • ali

    Sour grapes?

  • Ausgreek

    Why do you have any inside knowledge of Greece hydro carbon resources??
    It seems that many international companies are showing interest.
    But you know better right??

  • WorldFixer

    PASOK & ND are desperate to milk the BRIBES from the oil & gas exploration market even though they know drilling off Crete is a “no-no” because of constant severe earthquakes, but do you think ND or PASOK gives a damn?? Ha, what a joke these people are… You’re going to have a worse disaster than the Gulf Oil Spill here with these Corrupt ND & PASOK Clowns running the show!