Talks with Total-led consortium ‘wrapped up’
Greece has concluded talks with a consortium led by France’s Total for deep sea gas exploration in one block in western Greece, Energy Minister Giorgos Stathakis said yesterday, taking the two sides closer to signing a deal. In October, Greece named a consortium of France’s Total, its biggest oil refiner Hellenic Petroleum and Italy’s Edison as the preferred bidder for the offshore gas drilling block in the Ionian Sea. The Total-led consortium has bid for one block in the Ionian. Hellenic Petroleum has bid inde-
OTE investment. The OTE Group yesterday announced it is increasing its investment in fiber optics – for the development of next-generation landline and cell phone networks – by 200 million euros to a total of 1.5 billion euros for the period from 2017 to 2020, having invested more than 6 billion in the last six years.