Greece Information about the energy markets in Greece. Includes Excel spreadsheets of annual energy data. Also includes country energy balances and other statistics. From the US Department of Energy. Integrated Domestic Oil Producers Greece has limited oil reserves of 10 million barrels.
Oil is imported primarily from Iran and Saudi Arabia.
The Middle East is expected to remain the major source of Greek oil supplies, although Russia could become more important in the coming years. HP conducts oil exploration, imports crude and products, operates two large refineries, and distributes and markets oil products. Although Greece's oil market has been opened to competition, HP continues to dominate the domestic market. Greece's oil production comes from the Prinos area in the Aegean Sea, off the coast of Kavala. Many analysts believe that there is potential for further oil discoveries in Greece, but extensive oil exploration activity has not yet occurred and would require significant foreign investment.