Hydrocarbons monetization is still decades away

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Hydrocarbons monetization is still decades away
 © CyprusMail 2020
If the licensees are unable to complete their work with speed and the government is not prepared to take back those blocks and re-license them, it only means monetization is decades away. Which also means that the government is not using the hydrocarbons as a source of revenue but only as a geopolitical lever with some vague objectives.

Why would you have any companies sitting on licenses for 7 years and then some additional extension years if the deposits are commercially viable? Exactly, because they are not economically viable and everybody knows...


This article was automatically added to our system 10-7-2019

Hydrocarbons monetization is still decades away


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Article Tags: hydrocarbons, monetization, still, decades,