Sen­sata in Sofia.

Kathimerini English - - Focus -

in Egyp­tian wa­ters has boosted hopes of other such finds in the East­ern Mediter­ranean that could help meet Europe’s en­ergy needs. Eni SpA chief ex­plo­ration of­fi­cer Luca Bertelli told a gas con­fer­ence yes­ter­day that his com­pany’s “mile­stone” dis­cov­ery of Zohr, es­ti­mated to hold 30 tril­lion cu­bic feet of gas, has rein­vig­o­rated the in­ter­est of other ma­jor oil and gas com­pa­nies in the re­gion. He said wa­ters off Cyprus hold po­ten­tial for new dis­cov­er­ies while ex­plo­ration op­por­tu­ni­ties are com­ing up with Le­banon and Is­rael soon of­fer­ing off­shore ar­eas, or blocks, to bid­ders for ex­plo­ration li­cens­ing. Bertelli said Eni ex­pects the first gas to start flow­ing from Zohr by the end of 2017. mil­lion eu­ros. It said the 50-mil­lion-euro loan will be used for the re­fi­nanc­ing of past and fu­ture in­vest­ments, while the 10-mil­lion-euro loan will par­tially re­fi­nance the ac­qui­si­tion cost of the Ar­ca­nia Busi­ness Cen­ter in Maroussi, north­ern Athens.

Sen­sata Tech­nolo­gies has opened its largest global test­ing fa­cil­ity in Sofia to sup­port its au­to­mo­tive sens­ing tech­nolo­gies, the com­pany said yes­ter­day. Sen­sata, which has man­u­fac­tur­ing sites in 13 coun­tries, al­ready em­ploys 3,000 peo­ple in Bul­garia, where it pro­duces pres­sure and high tem­per­a­ture sen­sors for the au­to­mo­tive mar­ket and op­er­ates a busi­ness cen­ter. In re­cent years, in­ex­pen­sive la­bor, low taxes and an ed­u­cated work force have en­cour­aged dozens of car part pro­duc­ers and IT and busi­ness out­sourc­ing com­pa­nies to set up in the Balkan coun­try.

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