S. Apennines success bodes well for potential off southern Italy

SOUTHERN ITALY-1Opportunities for exploration and production by international companies in Italy will expand dramatically in the next few years, the result of recent changes in Italian law, rapidly increasing demand, and the interest generated by several very large oil discoveries in southern Italy during the last decade. Membership in the European Union has necessitated changes in Italian law, opening a number of formerly restricted industries to outside investment and participation. Several recent articles in industry publications1 have highlighted regulatory changes that have opened Italy's gas and power generation industries to participation by foreign companies.In addition, Italy&...

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