Cyprus completes negotiations with energy companies for gas exploration

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Cyprus completes negotiations with energy...
 © NapaOnline 2017
Cyprus has completed negotiations with international energy companies to issue three more licenses for hydrocarbons exploration in its continental shelf, Energy Minister Yiorgos Lakkotrypis said on Tuesday.

He said the successful applicants are Italian ENI and French Total in block 6, ENI in block 8 and ExxonMobil and Qatar Petroleum consortium in block 10.

Lakkotrypis said the Cabinet of Ministers is expected to discuss the agreement on March 17 to put its seal on the agreements before the signing of contracts.

“This is a very important development for Cyprus and the eastern...


Cyprus completes negotiations with energy companies for gas exploration


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