Greece will begin oil research in Ionian Sea

Greece has announced that will start a research program of oil and gas in the Ionian Sea, the marine area of Corfu, Albania′s neighboring city. Voice of America "in Albanian announces today that the program is expected to start next year and may include foreign companies for research in this area. Meanwhile, Greece and Albania have yet to finalize an agreement on maritime borders between the two countries.

According to Greek media sources, which refer to Greek officials of the Ministry of Environment and Energy, the oil and gas research program is expected to include international companies engaging in research in this marine area. Research, according to one of the main Greek newspaper "To Vima", is based on the principle of "middle line", or equal-distance away in the middle of all territories of the countries concerned to set the boundaries of marine area of the Ionian Sea.

Sources from the Greek press claim that the Greek government will not participate in costs for seismic studies.