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hydrocarbons

Turkish-Cypriots: EU Resolution Condemning Turkey Is Unacceptable

As “unacceptable” and “one sided” characterized the self-proclaimed Ministry of Foreign Affairs of the Turkish occupied northern part of Cyprus the European Parliament’s joint resolution that was passed on Thursday and condemned the ongoing Turkish violations in Cyprus’ Exclusive Economic...

Greek Govt VP Venizelos: We May Take Legal Action Against Turkey

After President of the Republic of Cyprus Nicos Anastasiades almost two weeks ago, it was Greek government Vice President and Foreign Minister Evangelos Venizelos' turn to warn Turkey over legal action if it does not respect Cyprus' sovereign rights. Addressing...

Environment Minister Maniatis: Greece to Become a Pole of Stability in the Region

As a choice that leads Greece to become a regional pole of stability in the sensitive Southeast Mediterranean, characterized Environment Minister Giannis Maniatis the agreed partnerships with other regional powers such as Israel, Egypt and Cyprus, underlining that these...

Cyprus' Foreign Minister: We Will Continue our Energy Program as Planned

Nicosia's firm will to not suspend its ongoing investigations for the exploitation of its hydrocarbons expressed today the country's Foreign Affairs Minister Ioannis Kasoulides, while it will not take in account Navy Staff Admiral Bulent Bostancıoglu's recent threatening comments...

PM Samaras: Greece Will Never Recognize the Illegal Occupation of Cyprus

The Greek side's stable stance towards the illegal regime in the northern part of Cyprus expressed once again Prime Minister Antonis Samaras who is on the island on a working visit. Speaking at a joint press conference with Cypriot President Nicos Anastasiades, the Greek PM underlined that...

400 U.S. Security Agents in Cyprus for VP Biden's Visit

In anticipation of  the U.S. Vice President's visit, 400 American security agents are already in Nicosia. This is the first trip of a sitting American vice president to Cyprus since 1962. All regions to be visited by Mr Biden are...

Greece Signs Hydrocarbon Exploration Deal, Eyeing EUR4.4bn

After a hiatus of 15 years, Greece's hydrocarbon industry started to swing back into action Wednesday. Three energy consortia signed concessions for the exploitation of hydrocarbon deposits in western and northern Greece that it is hoped could yield the country some six...

Greek Prime Minister: '150 Billion Euros Revenue From Hydrocarbons'

The Greek Prime Minister, Antonis Samaras, during a meeting that took place at the Ministry of Environment Energy and Climate Change, claimed that Greece’s tax revenue from the exploitation of hydrocarbons in a period of 25 years will reach...

Oil and Gas Reserves in Greek Seas

According to Ethnos, four areas in Greece show 'great potential’ of having deposits of hydrocarbons (oil and gas). The first region starts at the northwest of Corfu, on the Albanian border and extends down to Paxos and Antipaxos, to the...