The government signed on Tuesday the concessions for hydrocarbon exploration and exploitation in two Ionian Sea areas, Area 10 in the Kyparissia Gulf with Hellenic Petroleum (HELPE) and “Ionio” sea area with a consortium of HELPE and Spain-based Repsol, ANA reports.
In two to four years we will have the first clear picture of hydrocarbon bed exploitation, Environment & Energy Minister George Stathakis estimated, adding that Greece has incorporated all EU laws on the protection of the environment, which are the strictest in the world.
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