Cabinet gives go-ahead for oil exploration in three regions

The Inner Cabinet on Thursday gave the "green light" for hydrocarbons (oil) exploration in three regions in Greece.
The Cabinet, chaired by prime minister George Papandreou, gave the go-ahead for oil exploration in an area in the Gulf of Patras, a second area west of Ioannina, and in the region of Katakolo, with an estimated potential of 250-300 million barrels over a period of 15-20 years.

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