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More than 30 areas identified for hydrocarbon exploration

Over 30 areas have been identified for hydrocarbon exploration in the Ionian Sea and off the coast of western and southern Crete, the state-run Athens-Macedonian News Agency (ANA-MPA) reported on Sunday.

The map of "plots" was presented by Hellenic Hydrocarbon Resources Management chief Yiannis Basias at an energy conference on the Eastern Mediterranean, ANA-MPA said.

Iran opens new South Pars gas field phases worth $20 bln

Iran's President Hassan Rouhani inaugurated five new phases of the South Pars gas field on april 16, the result of some $20 billion in investment, local media reported.

The ribbon-cutting of phases 17-21 pave the way for Iran to surpass the production levels of neighboring Qatar, which shares half the offshore gas field, Iranian officials said.

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