Tuesday September 30, 2014 Search
Weather | Athens
26o C
17o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Tender for oil drilling targets sector’s giants

The international tender issued by the government last week for oil drilling in 20 areas in the Ionian Sea, Western Greece and off Crete, contains terms that can only be met by very large oil companies. Environment and Energy Ministry officials confirmed that these terms result from a targeted strategy to attract oil giants, mainly dictated by the great depths of the areas to be drilled.

The tender is expected to begin six months after its publication in the official gazettes of Greece and the European Communities. Small and mid-sized companies may participate in consortia led by very large operators, which include Greece’s Hellenic Petroleum and Energean.

The tender provides that the Greek government will receive 4 percent of the quantities of the hydrocarbons produced either in money or in kind, plus a 20 percent income tax. The investor will also pay a 5 percent regional tax. The operating period is 25 years (with an option for two five-year extensions) and will commence with the announcement of the discovery of commercially viable deposits.

ekathimerini.com , Saturday August 9, 2014 (16:38)  
Greek unemployment dips to 27 pct in June, but still highest in EU
EU gives more aid to farmers hurt by Russia sanctions
Greeks ruled ship market in August
Nine properties to be auctioned next week
Three teens questioned over video showing torture of dog
Three teenage boys were taken into custody in Arta, northwestern Greece, on Tuesday following an uproar caused by a video posted on a social networking website allegedly showing them pouring...
Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
Plans to evacuate and partially demolish a Roma encampment in the northern Athenian suburb of Halandri, erected nearly four decades ago on a site behind the present-day Nomismatokopio metro ...
Inside News
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakos’s first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Next-day jitters
It is usual for Greek governments, whether one-party or coalitions (which are normally loath to actually work together), to claim that their only real challenge is dealing with the country’s...
EDITORIAL
No sweet debt deals
The lion’s share of Greece’s debt is held by European Union member states and the International Monetary Fund. A writedown of the European part of the debt would require the approval of the ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Three teens questioned over video showing torture of dog
2. Greek unemployment dips to 27 pct in June, but still highest in EU
3. Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
4. EU must boost air, sea migrant rescues, says Amnesty International
5. EU gives more aid to farmers hurt by Russia sanctions
6. Commissioner-designate Avramopoulos to face three-hour interview on EU´s migration portfolio
more news
Today
This Week
1. Roma camp off Mesogeion Avenue set for demolition amid reactions
2. Next-day jitters
3. No sweet debt deals
4. Commissioner-designate Avramopoulos to face three-hour interview on EU's migration portfolio
5. EU gives more aid to farmers hurt by Russia sanctions
6. EU must boost air, sea migrant rescues, says Amnesty International
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Greece may opt for unusual president to avoid snap polls, Venizelos says
3. Woman allegedly buried alive by accident in northern Greece
4. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
5. Venizelos denies jihadis are being trained in Greece
6. Should you bet with Kissinger on where the world is heading?
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.