TOP Analysis, Prognoses and News about Greek - Albanian Relations and the Region.
Saturday, November 10, 2012
Greece starts searching oil
As warned, the Greek government gave the first licence for oil research
in their part of the sea. The Greek Ministry of Economy, Construction
and Development in Greece announced that on 11 November 2012 will start
the official oil researches in the Greek maritime territory in Northern
Ion and Southern Crete.
The researches will continue
for three months and the Greek government will start the tender with the
areas of interest. We are talking about an area of 225.000 square km,
twice the land territory of Greece.
According to this Ministry,
the licence was won by the Norwegian Petrolium-Geo-Services company,
which will enable the researches for oil through modern technology. The
first ship is called “nordic Explorer”, and it will start searching the
area on Monday, exactly at the area that Albania would be giving away to
Greece with the maritime pact signed by the two governments, but that
was rejected by the Albanian Constitutional Court.
never accepted this, and says that they will implement the researches on
the territory for which they agreed with the Albanian government, after
they will replace it with a new agreement that will be acceptable for
both parties. A few weeks ago Top Channel discovered that the draft of a
new agreement is underway and it leaves the first one unchanged, giving
away to Greece an area of 250 square km, there where Greece has given
Sources form the Foreign Ministry said for Top
Channel that the agreements with Albanian will depend on the result of
the researches. Certainly that the Greek interest will fall if the gas
and oil extraction in this area will have a high cost, the sources said.
According to the Greek Ministry, the experts say that the Ionian Sea
has large amounts of oil, that could be calculated to billions of