Wednesday Jul 30, 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)  
Six firms submit bids to lease Vouliagmeni beach
IMF´s Lagarde not sure yet about debt relief for Greece
Deals reached for twin plot on Afandou, for 42 million
More delays and red tape for companies’ tax rebates
EU Commissioner Damanaki unlikely to return to Greek politics
Greece’s current European Commissioner, Maria Damanaki, will not return to Greece or Greek politics when her tenure ends in October, Kathimerini understands. Damanaki holds the Maritime Affa...
Police arrest one, seek another three over counterfeit goods
One man has been arrested in the western Athens suburb of Aghia Varvara after police raided a store selling counterfeit goods. Officers are searching for three other suspects. Police found m...
Inside News
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. “I l...
Inside Sports
COMMENTARY
Through insecurity comes optimism
Prime Minister Antonis Samaras recently expressed his optimism regarding the quota of 180 Parliamentary deputies required for the election of Greece’s next president, in order for the countr...
EDITORIAL
Futile policy
The policy that Israel has been pursuing vis-a-vis the Palestinians is wrong and futile. Current tactics have failed to resolve the security issue and, at the same time, they are rapidly dra...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Six firms submit bids to lease Vouliagmeni beach
2. IMF´s Lagarde not sure yet about debt relief for Greece
3. EU Commissioner Damanaki unlikely to return to Greek politics
4. Police arrest one, seek another three over counterfeit goods
5. Coalition submits new proposals for Greek coastline
6. Deals reached for twin plot on Afandou, for 42 million
more news
Today
This Week
1. Coalition submits new proposals for Greek coastline
2. Police arrest one, seek another three over counterfeit goods
3. EU Commissioner Damanaki unlikely to return to Greek politics
4. IMF's Lagarde not sure yet about debt relief for Greece
5. Six firms submit bids to lease Vouliagmeni beach
6. Greece names fifth privatization agency chief in four years
Today
This Week
1. Unequal after death
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
4. Quadriplegic woman on life support 'dies due to unpaid power bills'
5. Front-line threats
6. Defense Minister Avramopoulos to represent Greece at European Commission
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.