The European Bank for Reconstruction and Development (EBRD) is stepping up its support for privately owned Energean Oil & Gas with an additional $20 million subordinated loan to the company, Energean said in a press release on July 5.

“The loan will support the exploration of the Prinos Basin as well as the firm’s new projects in Western Greece and underscores the EBRD’s commitment to local businesses,” the only oil and gas producer in Greece said.

Energean focuses on oil exploration a...

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