Greece lowers tax to lure oil and gas explorers

Written by on July 2, 2014 in Europe - Comments Off on Greece lowers tax to lure oil and gas explorers

A two-day event kicked off in London on July 1 where Greece presented opportunities of oil exploitation in the Ionian and Aegean Sea to foreign investors.

Major oil companies turned up at the roadshow, which is expected to lead to offshore drillings in Greece after years of planning without any concrete results. Representatives from BP, Shell, Total and ExxonMobil among others expressed interest.

Also present were Greek firms Hellenic Petroleum, and Energean Oil & Gas.

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