Energy Minister welcomes interest on hydrocarbon exploration

Energy Minister George Stathakis welcomed on Monday the interest expressed by two consortia on a Greek tender for oil and gas exploration and exploitation in the regions off Crete and in the Ionian Sea.

“The interest of important groups for hydrocarbons exploration in marine areas of the country is a vote of confidence in the prospects of the Greek economy and the role of the country as a factor of stability in the Southeast Mediterranean region,” he said.

“Our intention is to utilize the best international practices and the most advanced technological methods for identifying potential deposits, an evolution that will change the status and prospects for the Hellenic Petroleum Group, will substantially support the national economy and strengthen local communities,” he added.