Hellenic Petroleum

Greece launches new offshore oil and gas tenders

Greece launched two tenders on Monday for offshore oil and gas exploration and exploitation in the west and south of the country, the energy ministry said.

The move follows expressions of interest by a consortium of Total, Exxon Mobil and Hellenic Petroleum for exploration in two sites off the island of Crete, and by Greece's Energean for a block in the Ionian Sea in western Greece.

Hellenic Petroleum brings up sensitive issues

Hellenic Petroleum (ELPE) is raising the resolution of issues related to the setting of exclusive economic zones (EEZs) with Greece's neighbors and the lifting of bans on surveying beyond the 6-mile sea zone - which the Turkish Parliament has described as an act of "casus belli." The settlement of these issues is an essential part of any planning for the utilization of the country's hydrocarbon

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