Portugal bids goodbye to oil and gas exploration

in News · 10-09-2020 09:44:00 · 0 Comments

Portugal has effectively shut the door for further exploitation and exploration for oil and gas on its territory after government officials announced that no new contracts will be awarded to companies looking to prospect and research these resources.

The announcement by the Portuguese Ministry for the Environment and Climate Action followed the suspension of the government’s contract with the Australian company Australis for the exploration and research of hydrocarbons on Portuguese soil.


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