Greece | Egypt Oil & Gas - Part 7
Gas Shortage Could Be Next Woe in Greek Crisis
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. The DEPA gas company, along with all other public c...
Crude Oil Falls Below $60 a Barrel Amid Greek Crisis
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. Brent closed at $US60.50 on Friday and fell in openin...
Bulgaria Says Gas Interconnector with Greece Could Break Russian Monopoly
Bulgarian Foreign Minister Daniel Mitov pointed to the planned gas interconnector between Bulgaria and Greece as having the potential to break Russian monopoly. Mitov highlighed that the swift implementation of the ag...
Oil Hits New Low as Greece Fails to Reach Euro Deal
Oil dropped to a three-week low amid concern Greece’s failure to reach a deal with international creditors will prompt its exit from the euro area. Global equities fell as the Greek government imposed capital controls...
Financing for Russian Gas Pipeline Secured: Greece
The financing of the extension of a pipeline carrying Russian gas from Turkey to Greece has been secured and a deal could be signed this month, the Greek energy minister said Monday. In an interview with Russian publi...
Egypt to Tap into Cyprus Offshore Gas Fields by 2017
The Egyptian Natural Gas Holding Company (EGAS) is negotiating to import roughly 700 mcf of gas daily from the Cypriot Aphrodite field, owned by US company Noble Energy. In a statement to Daily News Egypt, EGAS Chairm...
Greece Calls on China for Offshore Oil, Gas Exploration
Greece invited Chinese firms on Monday to bid in a Greek tender for deep-sea oil and gas exploration later this year after Athens extended the bidding process in March. Greece, which depends on financial aid from the ...
Athens Hopeful for Russian Support Over Gas Prices
Cash-strapped Greece has asked for a cut in the price it pays for natural gas imports from Russia and is hopeful that Moscow will lift an embargo imposed on Greek food exports, the country’s energy minister said...
