Energean Oil & Gas Increases Supply
Greece's sole oil generator Energean Oil & Gas has just increased its recoverable oil deposits to approximately 30 million barrels, which is over 10% of its total deposits.
The Hellenic corporation manufactures an estimated 1,700 crude oil barrels daily, at its plant near Thassos. Energean's production does not supply enough oil for the nation's requirements; now Greece is aiming to tap unsourced hydrocarbon outlets in its western region.
New technology administered at Energean has resulted in a production rate fifteen times larger than its past production rate. Chief Executive Matthios Rigas stated, "Production from the Gulf of Kavala (Thassos) will continue for at least a further 15 years", as reported by Kathimerini.
Related items
-
The Economist ranks Greece in top five of global economy performance
-
Syria: Greece’s role, the anxiety over the migration issue and Turkey’s moves
-
Israeli Minister: Electrical interconnection with Greece and Cyprus is top priority
-
State Department: The US is in constant contact with Greece and Ukraine - Blinken expresses gratitude
-
Deputy US Special Climate Envoy: We support Greece’s role in diversifying energy sources with its Balkan neighbors