ECONOMY

Greek gov’t calls on Chinese firms to bid for oil quest

The government invited Chinese firms on Monday to bid in a Greek tender for deep-sea oil and gas exploration later this year after Athens extended the bidding process in March.

The government has given investors two more months, until July 14, to submit their bids for test drilling in 20 offshore blocks in the Ionian Sea and off southern Crete in a bid to sound out more potential suitors.

Energy Minister Panayiotis Lafazanis and Chinese Ambassador to Greece Zhou Xiaoli discussed the issue on Monday, the Greek Energy Ministry said in statement.

The envoy committed to informing Chinese oil firms about the Greek tender and the two sides agreed to organize visits by Chinese businessmen to Athens to discuss technical details of the process, the ministry said.

[Reuters]