ECONOMY

Oil companies focus on Greece

Greece is set to establish itself on the international energy map, Environment and Energy Minister Yiannis Maniatis said at the opening of a two-day global conference organized by the American Association of Petroleum Geologists in Athens on Wednesday, with the participation of more than 150 officials from 40 major international oil companies, such as ExxonMobil, Shell, EON, Chevron, Eni, Gazprom, Oklahoma Natural Gas, Arvee and Petronas.

This is the first time that the global oil industry’s leading companies have sent specialized staff to Greece to seek out investment opportunities in the hydrocarbons sector.

Maniatis stated that the contracts for the concession of exploitation rights at Ioannina and in the Patraikos Gulf will be signed in the coming weeks, while the seismic data collected in the sea off Western Greece will become available to oil companies by the end of the year.