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September 10, 2014

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Parliament Approves Contracts for Hydrocarbon Drilling in Western Greece

Greece's parliamentary Standing Committee on Production and Trade on Tuesday approved with a majority vote the three contracts for concessions to carry out exploratory drilling for hydrocarbons in Katakolo, Ioannina and the Gulf of Patras - all in western Greece - sponsored by the ministry of Environment, Energy and Climate Change.

A fourth contract was also introduced, amending an existing contract for hydrocarbons exploratory drilling in the Thracian Sea, northern Greece.

Main opposition Radical Left Coalition (SYRIZA) has said that this is the only contract it is going to approve because all the rest constitute a sell-off of Greece's underground wealth through fast-track procedures.

(ANA-MPA )
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