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26.06.2014 Greece to launch major oil quest in early July

Greece will invite major oil companies next month to conduct offshore test drillings, the government said on Wednesday, launching the debt-laden country's most ambitious attempt so far to develop its untapped hydrocarbon potential.

21.05.2014 Iran says West owes over $4 billion for oil

An official with the Iran's oil ministry has confirmed that the country's international oil buyers owe over $4 billion to the Islamic Republic, Trend reported on May 20.

24.04.2014 Italian Enel submits applications for oil and gas exploration in Greece

Italian energy group Enel has submitted three applications to search for oil in three different areas of Greece, Independent Balkan News Agency reported on April 23.

17.04.2014 Bulgaria to buy gas from Azerbaijan soon

The construction of the Interconnector Greece-Bulgaria gas pipeline will start in 2015, the Azerbaijani Minister of Energy Natig Aliyev said at a meeting with Bulgaria's Economy and Energy Minister Dragomir Stoynev, Trend reported on April 16.

26.02.2014 Gazprom cuts gas price for Greece by 15%

Russian natural gas giant Gazprom has signed an agreement to reduce gas prices by 15% for Greek gas company DEPA on a retroactive basis with the new price applied from July 1, 2013, according to a statement of the Greek Environment, Energy and Climate Change Ministry rel

14.02.2014 Greece wants larger discount for Russian gas

Athens wants Russia to give a gas discount to at least U.S. $370-380 for 1,000 billion cubic meters, RIA Novosti reported on February 13, citing government spokesman Simos Kedikoglou, while according to sources close to the negotiations, Gazprom has offered $398-399.5.

13.02.2014 Greek DEPA hopes for big discount from Gazprom

Greek state-owned gas company DEPA and Russian Gazprom have reached a preliminary agreement on a lower price of gas supplies, but the Greek company now wants a bigger discount, its official who represents the interests of Gazprom in Athens said on condition of anonymity

03.02.2014 Russia’s Gazprom to cut gas price for Greece

Russia’s Gazprom and the Greek government have agreed to reduce the gas price, a Gazprom Export official told Prime on January 31.

21.01.2014 Azerbaijan: TAP consortium to invite bids for construction works in late 2014

Trans Adriatic Pipeline (TAP) consortium will invite bids for the construction and ancillary works for the project in late 2014 and early 2015, Trend reported on January 20, citing Greek media.

14.01.2014 BP gets exclusive rights on Greek Prinos oil output

British Petroleum signed an agreement with the Greek state and Greek firm Energean Oil & Gas to be the exclusive buyer of oil output from the Prinos reserves, reported on January 14.