Greek state receives three bids for hydrocarbons in the Ionian Sea and Cretan Sea

Written by on July 15, 2015 in Europe - Comments Off on Greek state receives three bids for hydrocarbons in the Ionian Sea and Cretan Sea

Three bids were submitted for the exploration and exploitation of hydrocarbons in the Ionian Sea and the southern Cretan Sea, as part of a tender, which, according to the ministry of Reconstruction of Production, Environment and Energy (YPAPEN), “in the current difficult conditions in the oil market, this can be assessed as a positive step forward in the efforts of the country to exploit its underwater wealth”.

The names of the companies, as well as the areas (plots) for which they are interested in, will be announced after the completion of the tenders.

Greek Petroleum officially announced that it will participate in the competition, while the information refers to two other companies of Italian and French interests.

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