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ELPE

Greece Signs Historic Agreement To Explore Natural Resources South of Crete

Greece signed a formal agreement on Thursday with the companies ExxonMobil, Total and Hellenic Petroleum (ELPE) to research and exploit the natural resources located south and west of the island of Crete, in the Mediterranean Sea. Many high-ranking officials, including Greek...

Hydrocarbon Exploration; Energy Giants to Bid for Greek Maritime Area

Multinational energy giants ExxonMobil and Total, in cooperation with Hellenic Petroleum (ELPE), will bid for 20,000 square kilometers of sea stretching from south of the Peloponnese to Greece’s southernmost island of Gavdos. The agreement has been made since September, with...

ELPE Pleased With Signing of Exploration Rights Deal for Ionian Block

Greece's biggest oil refiner, Hellenic Petroleum (ELPE), said on Friday, it is satisfied with the signing of an exploration rights deal for an offshore block in the Ionian Sea in western Greece. ELPE is part of a consortium led by...

Greek Refiner ELPE Signs Deal with Iran's NIOC for Crude Oil Deliveries

Greek refiner Hellenic Petroleum (ELPE) and Iran’s national oil company NIOC reached a long-term agreement for the immediate start of crude oil deliveries to Greece, the company announced on Friday. ELPE will purchase 25 percent of their needs from NIOC...

Greek FinMin: We Won't Recall Privatizations due to be Completed

Greek Finance Minister Yanis Varoufakis appeared reassuring that the SYRIZA-led government does not intent to recall privatizations that are close to be complete, while he characterized the Chinese colossal shipping and logistics company Cosco investment in the Port of Piraeus as...

SYRIZA to Freeze Privatizations

The Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis is currently promoting a bill that would invalidate the privatization of DEI (Public Power Corporation of Greece) and the sale of ELPE (Hellenic Petroleum). Specifically, the bill is: Canceling the law on...