Greece

A statement issued by the Hellenic (Greek) Hydrocarbon Resources Management (HHRM) department on Thursday, says that reliable research results indicates that the seabed region south of the Greek island of Crete might contain large quantities of hydrocarbons. ''The team of...

Over a period of the next seven to eight years, it is estimated that companies will invest some 500 million euros with the hopes of discovering oil and gas on land and in the sea off in western Greece,...

Turkey on Thursday threatened Cyprus after Nicosia invited international energy companies to bid on a license to explore Block 7 in the island's exclusive economic zone (EEZ). "We are concerned that the Greek Cypriot administration has decided to invite international...

Multinational energy giants ExxonMobil and Total, in cooperation with Hellenic Petroleum (ELPE), will bid for 20,000 square kilometers of sea stretching from south of the Peloponnese to Greece’s southernmost island of Gavdos. The agreement has been made since September, with...

A document Turkey submitted to the United Nations on April 12 characterizes the search and exploitation of sea Plot 6 of Cyprus' exclusive economic zone as a casus belli. The particular plot of the Cypriot EEZ is operated by the...

Turkey raised the issue of hydrocarbon exploitation in the Eastern Mediterranean and waters that belong to Cyprus just 24 hours before new peace talks between Cypriot President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci. Ankara issued two NAVTEX (navigational...

The Republic of Cyprus will resolutely continue its policy in the field of hydrocarbons in full respect of international and European law, the Foreign Ministry has said, recalling that Cyprus President Nicos Anastasiades has taken a clear position affirming...

A draft bill on the issue of permanent licenses for private television stations and the use of frequencies will be tabled in Parliament by the end of the week, Greek Alternate Infrastructure, Transport and Networks Minister Christos Spirtzis announced...

An eleven-member committee to evaluate bids for hydrocarbon research and exploitation in three areas of Greece has been set up at the Ministry of Productive Reconstruction, Environment and Energy. It will cover the areas of Arta and Preveza (northwestern Greece), Etoloakarnania prefecture (central...

Cyprus was prepared for the possibility that no hydrocarbon reserves would be found in the “Onasagoras” area in block 9 of Cyprus` Exclusive Economic Zone (EEZ), Minister of Energy Giorgos Lakkotrypis told journalists on Friday announcing the preliminary results...

Hydrocarbon exploitation at the Gulf of Patras will create a thousand of new working positions, boost Western Greece's local economy and is valued at 14 billion euros, said today Greek Environment, Energy and Climate Change Minister Giannis Maniatis. According to the Minister, exploitation...

After a hiatus of 15 years, Greece's hydrocarbon industry started to swing back into action Wednesday. Three energy consortia signed concessions for the exploitation of hydrocarbon deposits in western and northern Greece that it is hoped could yield the country some six...

The Greek Prime Minister, Antonis Samaras, during a meeting that took place at the Ministry of Environment Energy and Climate Change, claimed that Greece’s tax revenue from the exploitation of hydrocarbons in a period of 25 years will reach...

Another 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...

Greek Prime Minister Antonis Samaras on June 5 Tuesday announced plans for setting up a "national hydrocarbon company" to prospect for natural gas and oil deposits in the Aegean and Ionian seas. Speaking at a meeting with officials at the...