Saturday March 7, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
BP gets exclusive rights on Prinos oil output

By Chryssa Liaggou

British Petroleum signed on Monday an agreement with the Greek state and Greek firm Energean Oil & Gas for the multinational to be the exclusive buyer of the oil output from the Prinos reserves in the northern Aegean for the next six years.

The development has been interpreted as BPs return to the Greek market in view of expected upcoming developments in the hydrocarbon sector. BP left Greece in 2009, selling its commercial network in the fuel market to Hellenic Petroleum.

The way to the signing of the agreement in Athens was paved by the Energy Ministrys amendment of the contract between Energean and the Greek state providing for the supply of the oil output to Hellenic Petroleum.

The total value of the deal is estimated at 500 million euros, with the head of Energean stating that it is laying the groundwork for the implementation of the firms investment program amounting to 150 million euros and providing for three drillings at Prinos within 2014.

ekathimerini.com , Monday Jan 13, 2014 (22:30)  
ECB asks for cut in recognized deferred tax assets
New NPLs in Jan-Feb put at 2 billion euros
Interest alive in property investment sector
Businesses reluctant to tap financing
Greece sends proposals, but no decision due at Mondays Eurogroup
Greece submitted to Eurogroup chief Jeroen Dijsselbloem Friday an outline of seven reform proposals to form the basis for discussion at Mondays meeting of eurozone finance ministers, but th...
Samaras braces for second round of in-party strife
After a marathon meeting of New Democracys MPs where party chief Antonis Samaras sought to affirm his status as top dog inside the conservative opposition, the former prime minister is brac...
Inside News
BASKETBALL
What a difference a year makes, for Olympiakos
Just over one year after Olympiakos's drabbing at the hands of Armani Milano, the Greeks returned to northern Italy and scored a nine-point victory to stay alone on top of their Euroleague g...
TRACK & FIELD
Tsatoumas just misses out on a Euro medal
Louis Tsatoumas narrowly missed out on a medal at the European Indoor Championships in Prague on Friday, as despite faring below his usual standard he was third until up to the last few jump...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greeces most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
EDITORIAL
New blood, fresh ideas
New Democracy needs new blood and fresh ideas. Former Prime Minister and conservative chief Antonis Samaras should be credited with keeping Greece on its feet and he is one of the very few p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. What a difference a year makes, for Olympiakos
2. Tsatoumas just misses out on a Euro medal
3. ECB asks for cut in recognized deferred tax assets
4. New NPLs in Jan-Feb put at 2 billion euros
5. Interest alive in property investment sector
6. Businesses reluctant to tap financing
more news
Today
This Week
1. BoG chief Stournaras briefs PM Tsipras on ECB's decisions on Greece [Update]
2. Cash-strapped Greece repays first part of IMF loan due in March
3. Greek and German bruisers limber up for 'rumble in the eurozone'
4. Greece must repay loans in full, bailout fund head says
5. Greek reforms list cites tackling evasion, fiscal savings, source says
6. Greece sends new letter with details on reforms, sources in Brussels say
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. Varoufakis to make six reform proposals at Monday's Eurogroup
4. Tsipras reversal draws Greek sympathy as party rumblings rise
5. Greece's lenders skeptical on new bills but focus on funding needs
6. A unionist agenda
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.