National Iranian Oil Company (NIOC) and Greek's largest refinery, Hellenic Petroleum (ELPE) have reached a long-term agreement to immediately start the shipment of Iranian oil to Greece, marking the first sale of Isl ...
The Greek government’s hunger for cash has stripped the state-run gas company of most of its reserves, raising doubts about how long the country can pay for imports.
Brent crude oil has fallen below $US60 a barrel due to concerns that the Greece crisis may stifle economic growth while also driving up the value of the US dollar.
Bulgarian Foreign Minister Daniel Mitov pointed to the planned gas interconnector between Bulgaria and Greece as having the potential to break Russian monopoly.