8.2.13
Energiaki Aegeou, the firm operating the oil reserve of Prinos and South Kavala, has come to an agreement with the State to extend the deal for a further 25 years.
The agreement was approved in parliament and allows the firm to proceed with an investment plan to continue producing oil. The plan provides that the State will collect a percentage should production exceed 2,500 barrels per day.
According to the General Accounting Office’s predictions that accompanied the bill in parliament, the State is expected to collect an estimated 220 million euros.
