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March 7, 2013

Parliament Ratifies Amended contract on Hydrocarbon Exploitation

English: Oil Rig, Cromarty, Scotland
(Photo credit: Wikipedia)

The amended contract on hydrocarbon exploitation at the Prinos and North Kavala sites in northern Greece was ratified by Parliament's plenary session this week with 164 votes in favour, 110 against and three MPs stating "present". The contract concerns the Greek state and the Kavala Oil and Energean Oil companies. According to the state news agency, during the roll call vote called for by the Radical Left Coalition (SYRIZA) and the Independent Greeks, voting in favour were the three parties in the ruling coalition government, while all the opposition parties voted against.