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Greece, US Back Drilling Off Crete; Call for Respect for International Law

Greek and American officials hailed the partnership between oil giants ExxonMobil of the US, Total of France and Hellenic Petroleum in two offshore exploration...

Workers at Hellenic Petroleum Protest Privatization

On Monday, Greece's attempt to seal the deal in the privatization of Hellenic Petroleum was prevented by workers at the facilities who walked off...

Greek Refiner ELPE Signs Deal with Iran’s NIOC for Crude Oil Deliveries

Greek refiner Hellenic Petroleum (ELPE) and Iran’s national oil company NIOC reached a long-term agreement for the immediate start of crude oil deliveries to...

Hellenic Petroleum to Submit Offer for Exploration Rights in Ionian Sea‏

Hellenic Petroleum will submit an offer in a tender for hydrocarbon exploration rights in field 1 of northwestern Ionian Sea, which has raised doubts from...

6 People Heavily Injured During Fire at Aspropyrgos Refineries

Six people were seriously injured, while two of them are in critical condition, when a fire broke out at the Hellenic Petroleum refinery tank...

SYRIZA to Freeze Privatizations

The Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis is currently promoting a bill that would invalidate the privatization of DEI (Public Power Corporation...

Greece Signs Hydrocarbon Exploration Deal, Eyeing EUR4.4bn

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...

Concessions for 3 Reserves with 3.3 Million Oil Barrels to Be Signed Wednesday

The Prime Minister Antonis Samaras as well as the government Vice President and Foreign Minister Evangelos Venizelos will attend a ceremony on Wednesday, May...

BP Buys Greek Oil Reserves

The agreement for the purchase of the Prinos oil field reserves was signed on Monday afternoon at the Greek Ministry of Environment, Energy and Climate...

OTE Downsizing 13% in Fixed-Line Telecommunications

In an attempt to reduce its legacy costs OTE, the largest telecommunication company in Greece announced its intent to downsize its workforce in the...

Voluntary Exit for Eurobank’s Employees

Yesterday, Eurobank the third-biggest lender to Greece announced that it will shed about a tenth of its workforce through voluntary redundancy. This measure is...

Greece Still Relies On Russia For Oil

Greece, with no domestic production, needs oil imports from Russia, an amount that covers about 70% of the domestic oil market an overwhelming proportion,...

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