Displaying items by tag: hydrocarbons

Greece will sign four major concession agreements Monday with a consortium led by U.S. energy giant Chevron and local partner HELLENiQ Energy, granting exclusive rights to explore for hydrocarbons in deepwater blocks south of the Peloponnese and Crete.

The Minister of Environment and Energy, Mr. Stavros Papastavrou, today signed four Ministerial Decisions concerning hydrocarbon exploration in the marine areas south of the Peloponnese (blocks “A2” and “South of the Peloponnese”) and south of Crete (blocks “South of Crete 1” and “South of Crete 2”).

As a vote of confidence in Greece's sovereign rights in the maritime zones south of Crete, the government welcomed the interest of the American energy giant Chevron in granting hydrocarbon exploration and exploitation rights.