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May 2026
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Iran says US pressures on Iran, Venezuela making oil market fragile

"If they (the Americans) decide to increase pressures on Iran, the fragility will increase in an unpredictable way"

Contracts with Repsol-ELPE for the Ionian Sea to be signed today

The industry appears to have expressed interest for the new five concessions prepared by the Greek Hydrocarbon Managing Company (EDEY)

Greece: The third oil deposit in the history of the country is in production (maps)

Energean has successfully completed the EA-H3 horizontal drilling, which produces more than 1.000 barrels of oil daily

New dynamics in the Eastern Mediterranean for East Med

The construction of East Med is an extremely complex project but all sides are determined to go ahead with it

ExxonMobil for Cyprus: Large natural gas deposit of 5-8 tril. cubic feet in plot 10

A "good basis" for the creation of an LNG terminal although more quantities will be needed

Commission eager to see the capacity of Southern gas corridor doubled

From Greece, an interconnector is planned to bring gas to Bulgaria and possibly to other countries of the region of Central Europe and the Balkans

A huge gas deposit was discovered in Cyprus

The announcement is expected next week by ExxonMobil

Turkey only European country buying Iranian crude, Iranian minister says

“Greece and Italy have been granted exemptions by the United States, but they don’t buy Iranian oil and they don’t respond to our questions”

Turkish spokesman: “The natural resources that are found in the Mediterranean must be exploited equally”!

"We will not allow any 'fait accompli' in the eastern Mediterranean, from wherever it comes"

Club Med: Israel, Greece, Cyprus & Egypt form new natural gas group

The new grouping is meant to jump-start the Eastern Mediterranean’s energy revolution

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