Greece Plans Oil Search Invite in Second Half, Official Says
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Greece is planning to invite investors to bid for permits to explore for oil and natural gas in the Ionian Sea, off the country’s west coast, and south of the island of Crete in the second half of this year.
The country has set a June target to send the invitation for publication in the European Union’s Official Journal, Sofia Stamataki, president of the Hellenic Hydrocarbons Management Company SA, said in answer to e-mailed questions.