Samaras: Greek state may get 150 bln euros from hydrocarbon deposits

There is strong evidence of significant hydrocarbon deposits in Western Greece, Epirus and the Ionian Sea, Prime Minister Antonis Samaras said on Wednesday, after chairing a meeting at the environment, energy and climate change ministry.

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Based on estimates, their exploitation may generate to 150 billion euros in revenues for the Greek state in the next 25-30 years, the premier said.
The prime minister outlined plans for a new national energy strategy along five main axes, including:

Hydrocarbon exploration and exploitation, which he stressed will be conducted with transparency, respect for the environment and with the employment of as many Greek technical staff as possible

Exploiting the geopolitical consequences arising from the country's position and the role it can play in the movement of energy resources to Europe.

Boosting social cohesion by directing revenue from hydrocarbons to the country's social insurance system, along the same lines as the system used in Norway, and to build infrastructure.

Establishing synergies with other sectors of the economy, so that the country's energy resources become a springboard for an overall improvement in competitiveness.

Establishing the country as an energy hub in the research, production and distribution of energy products.