According to EBRD website, the project is a US$ 75 million loan to Energean Oil and Gas S.A, of which USD$ 25 million are expected to be syndicated, to a Greek oil company, for the further development of its existing offshore oil fields in the Gulf of Kavala in Greece.
This project will be improving the environmental and safety regulations and guidelines for the industry. It will also assist the company in raising its Environmental Health and Safety standards and procedures by adopting an Environmental Social and Action Plan. Finally, the Bank will provide technical support to the Greek government to achieve international best practice in the oil and gas sector.
ENERGEAN OIL AND GAS SA is a private company active in the exploration and production of oil and gas in the Mediterranean basin. Energean has a portfolio of producing assets in Greece and assets in exploration in Egypt and Israel.
Project Contact: Irini Smaragdi
Email Address: email@example.com
Telephone No.: + 302108174200, + 302108174299
Office Address: 32, Kifissias Avenue, Atrina Center 151 25 Marousi, Greece
General enquiries to EBRD:
Telephone No.: +44 20 7338 7168
Email Address: firstname.lastname@example.org
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at email@example.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.