Displaying items by tag: hydrocarbons

Greece has firmly rejected accusations from Libya’s Foreign Ministry that Athens undermined regional stability by unilaterally opening offshore hydrocarbon blocks in the Mediterranean, asserting that it is merely exercising its sovereign rights under international law.

American oil company ExxonMobil is now preparing the next phase of its research program to identify potential natural gas deposits in the sea blocks of Crete.

Intense activity is observed for the execution of the first test drilling for locating natural gas deposits in Greece.