Athens Banks On Rising Adriatic, Mediterranean Interest With 2012 Bidding Round

BMI View: Greece's 2012 licensing round shows that the country - desperate for cash but unwilling to enter into a diplomatic row with its neighbours in the eastern Mediterranean over maritime borders - is hoping that successful offshore exploration could reduce its energy import bill. Given burgeoning upstream interest in the Adriatic Sea and eastern Mediterranean, we expect the round to attract some interest from foreign investors, despite its modest

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