Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Greece Sees $15 Billion Revenue From Hydrocarbons, Minister Says

Feb. 26 (Bloomberg) -- Greece expects to earn $15 billion in revenue over the next 10 years from existing oil and natural gas reserves, Deputy Energy Minister Yiannis Maniatis said.

“What we know today about potential hydrocarbon reserves in Greece is little,” Maniatis said today in an interview televised live on private Mega TV. The potential revenue isn’t included in Greece’s loan agreement with international creditors, Maniatis said.

Greece is trying to learn from the example of Cyprus, which recently discovered natural gas reserves, and the two countries are working closely to see how they can combine their hydrocarbon exploration efforts, Maniatis said.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.