{"id":5540,"date":"2025-03-26T11:09:43","date_gmt":"2025-03-26T11:09:43","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/03\/26\/athens-accepts-chevrons-interest-in-hydrocarbons-south-of-crete\/"},"modified":"2025-03-26T11:09:43","modified_gmt":"2025-03-26T11:09:43","slug":"athens-accepts-chevrons-interest-in-hydrocarbons-south-of-crete","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/03\/26\/athens-accepts-chevrons-interest-in-hydrocarbons-south-of-crete\/","title":{"rendered":"Athens accepts Chevron\u2019s interest in hydrocarbons south of Crete"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div itemprop=\"articleBody\">\n<p class=\"\" data-start=\"0\" data-end=\"191\">The Ministry of Energy announced on Wednesday that the Greek government has accepted Chevron\u2019s interest in exploring for hydrocarbon deposits in the South Crete I and South Crete II offshore areas.<\/p>\n<p class=\"\" data-start=\"193\" data-end=\"394\">US energy giant Chevron, the world\u2019s second-largest private company in the hydrocarbon sector, recently expressed interest in exploring the offshore area southwest of the Peloponnese and west of Crete.<\/p>\n<p class=\"\" data-start=\"396\" data-end=\"614\">According to insiders, this region is of particular interest to the American company. However, it is also a geopolitically sensitive area, as it overlaps with the borders of the illegal Turkish-Libyan memorandum.<\/p>\n<p class=\"\" data-start=\"616\" data-end=\"990\">The ministry described this development as a game-changer, as Greece will now enter international markets with four new areas for concession. These include \u201cBlock A2,\u201d \u201cSouth of the Peloponnese,\u201d \u201cSouth of Crete 1,\u201d and \u201cSouth of Crete 2,\u201d covering a total area of 47,000 square kilometers. This effectively doubles the area of active marine zones available for exploration.<\/p>\n<p class=\"\" data-start=\"992\" data-end=\"1150\">The expansion of available exploration plots increases the chances of identifying commercially viable hydrocarbon deposits, the ministry added in a statement.<\/p>\n<p class=\"\" data-start=\"1152\" data-end=\"1371\">Minister Stavros Papastavrou said that Chevron\u2019s interest \u201cis a vote of confidence in Greece. It proves that our country remains an attractive investment destination, with a reliable government that guarantees stability.\u201d<\/p>\n<p class=\"\" data-start=\"1373\" data-end=\"1607\">He also emphasized that this interest \u201cis a strong indication of the existence of significant natural energy resources, crucial for our country, the Eastern Mediterranean, and Europe \u2013 resources that will be used for the benefit of all Greeks.\u201d<\/p>\n<p class=\"\" data-start=\"1609\" data-end=\"1763\">Papastavrou further said that \u201cthe relevant ministerial decisions will follow, outlining the precise coordinates and launching an international tender.\u201d<\/p>\n<p class=\"\" data-start=\"1609\" data-end=\"1763\"><img class=\"lazy lazy-hidden\" fetchpriority=\"high\" decoding=\"async\" data-lazy-type=\"image\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/Chevron_hydrocarbon_map.jpg?1742986052734\" alt=\"athens-accepts-chevrons-interest-in-hydrocarbons-south-of-crete0\" width=\"960\" height=\"540\"\/><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/Chevron_hydrocarbon_map.jpg?1742986052734\" alt=\"athens-accepts-chevrons-interest-in-hydrocarbons-south-of-crete1\" width=\"960\" height=\"540\"\/><\/p>\n<\/p><\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/politics\/foreign-policy\/1265162\/athens-accepts-chevrons-interest-in-hydrocarbons-south-of-crete\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Energy announced on Wednesday that the Greek government has accepted Chevron\u2019s interest in exploring for hydrocarbon deposits in the South Crete I and South Crete II offshore areas. US energy giant Chevron, the world\u2019s second-largest private company in the hydrocarbon sector, recently expressed interest in exploring the offshore area southwest of the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Athens accepts Chevron\u2019s interest in hydrocarbons south of Crete\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/03\/26\/athens-accepts-chevrons-interest-in-hydrocarbons-south-of-crete\/#more-5540\" aria-label=\"Read more about Athens accepts Chevron\u2019s interest in hydrocarbons south of Crete\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/01\/Chevron_Shutterstock-1.jpg?v=1737372394","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-5540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=5540"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/5541"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=5540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=5540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=5540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}