Greece to sign three oil, gas concession deals May 14

The three blocks will be awarded to groups including Greece's biggest refiner Hellenic Petroleum (Athens: ELPE.AT - news) and its sole oil producer Energean Oil & Gas, the energy ministry said on Thursday. Encouraged by big gas finds in nearby Cyprus and Israel, bailed-out Greece invited oil companies to explore the areas two years ago, at the height of its debt crisis. Greece imports almost all ...

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