Greece to Take 3 Months to Evaluate Oil, Gas Bids, Official Says
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Greece will take three months to evaluate investor offers for the right to search for oil and gas in 20 blocks in the Ionian Sea and south of Crete once the bids are submitted, an Energy Ministry official said.
Greece wants to keep to strict time lines and intends to sign licensing contracts straight after completion of the evaluation process, the official said on condition of anonymity as the information hasn’t yet been made public.