Thursday August 21, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Enel applies to explore for oil and gas in Greece

Italy’s Enel has sought permission to explore for oil and gas in Greece, the Greek government said on Tuesday.

Enel has expressed interest in three onshore areas in the western part of the country, Greece’s Energy Ministry said, adding it would duly decide on the Italian company’s application.

If permission is granted, Athens will give other oil firms at least 90 days time to submit rival offers for the same areas.

Back in 2001, oil companies including Hungary’s MOL and Greece’s Hellenic Petroleum searched in vain for oil in two of the blocs Enel is currently considering.

“Enel Group’s decision... is a vote of confidence in our great national effort to exploit our mineral wealth,” Energy Minister Yiannis Maniatis said in a statement.

Encouraged by big gas finds in offshore areas of Cyprus and Israel that are relatively nearby, cash-strapped Greece has been wooing oil companies to explore and develop its own hydrocarbon potential.

Athens imports almost all its oil and natural gas and spent 15.6 billion euros on fuel imports last year, about 8.6 percent of its gross domestic product.

Greece is separately about to sign exploration concessions for two other western areas with Energean Oil & Gas, the country’s only oil producer in which US hedge fund Third Point LLC holds a 44.5 percent stake.

Athens also plans to invite international investors later this year to conduct offshore test drills in its western and southern waters following the completion of seismic tests there.

[Reuters]

ekathimerini.com , Tuesday April 22, 2014 (21:20)  
Primary surplus exceeds January-July target figure
Ryanair in Cyprus Airways talks
Summertime tax violations still common
Eurozone business growth slows in July, prices fall: PMI
KEELPNO blames stomach bug for sick tourists on Rhodes
The Center for Disease Control and Prevention (KEELPNO) on Thursday contradicted foreign press reports according to which hundreds of tourists suffered food poisoning at a hotel on Rhodes ea...
KEPs to issue new and replacement driving licenses
Greeks and foreigners living in Greece will no longer have to queue up at the Transport Ministry to get new or replacement driving licenses as the government decided yesterday that Citizen S...
Inside News
SOCCER
Greek soccer officials in refereeing probe to face prosecutor on Sept 15
Eleven soccer officials were on Wednesday given until September 15 before they have to face prosecutor Aristidis Koreas, who is investigating allegations that the draws to decide which match...
ATHLETICS
Long jumper Tsatoumas takes Greece´s second silver at European Championships
Greece won its second medal at the European Athletics Championships in Zurich, Switzerland, on Sunday with Louis Tsatoumas coming second in the long jump. Briton Greg Rutherford won the even...
Inside Sports
COMMENTARY
Self-destructing political system
It finally seemed as if we had found some peace of mind. The vast majority of Greek MPs chose to abstain from festivities on August 15, also known as Assumption Day, thus sparing us from the...
EDITORIAL
Welcome movement
Many have spoken about the need to spur economic growth in this debt-wracked country, but very few officials seem to actually be doing anything meaningful to make this happen. Recent weeks h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. KEELPNO blames stomach bug for sick tourists on Rhodes
2. Primary surplus exceeds January-July target figure
3. KEPs to issue new and replacement driving licenses
4. EU funds reserved for waste facilities in northern Greece
5. Coalition mulls property tax changes
6. Interest in Kranidi growing but water is running low
more news
Today
This Week
1. Merkel cites euro’s ‘construction flaws’ as economy sputters
2. Brussels warns Greece over plans to allow construction near Korinos beach
3. Second man held over double murder in Mani
4. Avramopoulos in US for talks with Hagel on possible Greek role in peace missions
5. Eurozone business growth slows in July, prices fall: PMI
6. Inspectors visit Rhodes to probe reports of mass food poisoning of hotel guests
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Treating Amphipolis with care
3. Canada’s fiscal adjustment has lessons for Greece
4. Greece to offer law on restructuring bad loans next month
5. Greece’s recession eases as country nears end to six-year slump
6. Ministry sys ‘no’ to debt collection agencies
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.