Greece paves the way for the exploitation of hydrocarbons

Greece paves the way for the exploitation of hydrocarbons

 

By Spiros Sideris – Athens

The Minister of Environment, Energy and Climate Change Yiannis Maniatis, submitted for approval and voting in Parliament of the contracts between the Greek State and the consortiums, in order to perform research and exploitation of hydrocarbons in the three regions of Western Greece, within the concept of the round of concessions with the “Open Door” process that had been launched by the ministry, for the areas of Patra, Katakolon and Ioannina.

According to the unanimous proposal of the Tender Evaluation Committee to the Minister of PECA, the following companies had been proposed as contractors:

· For the land area of Ioannina, the consortium ENERGEAN OIL AND GAS / PETRA PETROLEUM.

· For the Marine area of ​​Patra, the consortium GREEK Petroleum / EDISON / PETROCELTIC.

· For Katakolon, the consortium ENERGEAN OIL AND GAS / TRAJANOIL & GASLtd.

the Minister of PECA, Giannis Maniatis, made ​​the following statement on the matter:

“We bring today in Parliament the contracts signed between the Greek State and the consortiums for conducting research and exploitation of hydrocarbons in the three regions of Western Greece, Patras, of Katakolon and Ioannina, so that the Greek Parliament approves and the Greek people be informed of the Agreement.

After meritocratic and transparent assessment, tough trading on technical, legal and financial terms to maximize the benefits of the Greek State, with emphasis on safety and environmental protection, and after the contracts having been checked by the Court to completely shield the public interest, we bring in Parliament for ratification the signed contracts.

It is an important moment for the country as part of our effort to get Greece out of the crisis for good, while at the same time function as a pillar of stability, prosperity and security in the wider region of Southeastern Mediterranean”.