Greece to Spend 780 Million Euros to Protect Marine Biodiversity
and tackle coastal pollution, Prime Minister Kyriakos Mitsotakis said on Monday ahead of an international conference.Greece, which includes thousands of islands and which has the longest Mediterranean coastline of any littoral state, said last week it plans to create two marine parks, one in the Ionian Sea and one in the Aegean Sea, as part of the initiatives."Quietly but methodically, Greece is playing a leading role in the defence against dramatic climate changes, which are proven to affect every region and every activity," Mitsotakis said in an article published in Kathimerini newspaper
Greece to Evaluate Deep-sea O&G Exploration Bids
weeks." Officials have said that France's Total in a consortium with Greece's biggest oil refiner, Hellenic Petroleum , and Italy's Edison have bid for one offshore gas drilling block in the west of Greece. Hellenic Petroleum has also bid independently for two other blocks in the Ionian Sea. Skourletis encouraged oil companies to invest in Greece and said they should not be scared off by low oil prices and technical difficulties created by its landscape. Energean Oil & Gas, 45 percent owned by hedge fund Third Point, is the sole oil producer in Greece. The company
Greece Receives Three Bids for Deep Sea Oil, Gas Drilling
of the bidders, and areas over which they had expressed an interest would be released after tender documents are unsealed, the Energy Ministry said. Greece last year invited investors to bid for test drilling in 20 offshore blocks stretching over more than 200,000 square kilometers in the Ionian Sea and South of Crete. The new left-wing government in March extended the deadline for the submission of bids by two months to July 14 in an effort to attract more interest in the tender. (Reporting By Angeliki Koutantou; Editing by Michele Kambas
Greece to Launch Major Oil Quest in July
fruitless attempts over the past decades to find big reserves of oil or natural gas. Exploration interest revived during its debt crisis, with the cash-strapped country keen to reduce its big fuel import bill. Several blocks covering a combined area of more than 200,000 square kilometres in the Ionian Sea and south of the island of Crete are expected to go under the hammer. Greece has been encouraged in its quest by big offshore natural gas finds in Israel and Cyprus, nearby in the Eastern Mediterranean. The plan has been code-named "Greece MegaProject" by Petroleum Geo-Services
ABB Wins Italian Offshore Oil Terminal Contract
ABB wins a contract worth about US$40-million to extend the export terminal of the eni (Energy Rifinery Co.) refinery in Taranto. The eni refinery is located in the “Mar Grande” bay on the Ionian Sea in southern Italy. The contract is part of eni’s plan to improve the refinery infrastructure and to ensure a reliable connection with the onshore Tempa Rossa oil plant. The refinery is located at the export terminal and is connected to the oil field through an underground pipeline. The plan includes the extension of an existing pier. “This new project will help to improve the
February 2024
