Extra staff, increased funds for hydrocarbon company

A draft bill submitted to Greek Parliament last Friday includes amendments to bolster the role and authority of EDEY, the Greek Hydrocarbon Management Company.

The bill, submitted to satisfy EU directives on safety matters concerning offshore exploration and exploitation work, includes an amendment that will give EDEY authority to sign for new agreements, receive payments for offering exploration and exploitation rights, and facilitate new hirings from the public sector.

EDEY will be able to recruit between between five and ten new personnel members from the public sector and extend their contracts once, for a further three years.