Chevron Enters Greek Energy Sector, Challenging Turkish-Libyan Maritime Deal

U.S. vigor elephantine Chevron is entering the Greek vigor marketplace by partnering with HELLENiQ Energy to research for earthy state disconnected the seashore of Crete, a determination hailed by the Greek authorities arsenic a large geopolitical triumph that challenges a arguable maritime statement betwixt Turkey and Libya.

The 2 companies person jointly submitted bids for exploration rights successful 4 offshore blocks, including the "South Crete II" block, which overlaps with a maritime portion claimed by the 2019 accord signed betwixt Turkey and a erstwhile Libyan government. Greece considers that accord illegal.

Greek officials spot the introduction of a large American institution into the contested country arsenic a almighty endorsement of Greece's sovereign rights. Prime Minister Kyriakos Mitsotakis said the improvement is "the champion impervious of however our authorities envisions upgrading the country’s geopolitical standing," adding that Greece is "becoming an important vigor player."

The announcement comes arsenic the U.S. Secretary of the Interior is scheduled to sojourn Athens connected Friday for talks with Mr. Mitsotakis connected enhancing the strategical vigor concern betwixt the 2 countries.