Greece makes final oil exploration bid evaluation, minister says

Greece is evaluating bids to explore and produce oil and gas reserves in three blocks in the west of the country, Deputy Energy Minister Assimakis Papageorgiou said.

?The bids were opened in the middle of this month and are in the process of final evaluation,? Papageorgiou said at a conference Wednesday, according to an e-mailed transcript of his comments from the ministry.

Greece received eight bids from 11 companies acting on their own, or as part of ventures, for oil and natural-gas reserves in the Patraikos Gulf and in Katakolo, located off the western coast, and in Ioannina in the northwest of the mainland, the Athens-based Energy Ministry said on July 2.

A venture between Hellenic Petroleum SA, Edison International SpA and Melrose Resources Plc made bids for Ioannina and Patraikos, a group comprising Energean Oil

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