ECONOMY

Hydrocarbon work restarts

hydrocarbon-work-restarts

The picture regarding the tender to survey for and utilize hydrocarbons in land blocks at Preveza/Arta, Aitoloacarnania, and in the northwest Peloponnese will be clear by year-end, Stefanos Xenopoulos, a Hellenic Hydrocarbons Management Company board member, told the Global Oil & Gas Black Sea and Mediterranean Exhibition & Conference on Thursday. Energean Oil & Gas and Hellenic Petroleum are staking a claim to those blocks to survey them for hydrocarbons.

On the tender for 20 sea blocks in the Ionian and south of Crete, Xenopoulos expressed hope that the contracts will be signed soon after the new government has been formed.