Right-wing Disy-affiliated former defense minister Charalambos Petrides on Monday announced his candidacy for Nicosia Mayor – much to the dismay of his party leadership who are still considering possible runners.Petrides had served as former mayor of the Nicosia suburb of Agladjia before getting app
Cyprus has seen five sizable gas discoveries, the first back in 2011. But none has moved to development despite the presence of key majors in its offshore..
ΝICOSIA - Setting aside warnings from Turkey, which has ships drilling in nearby waters, a consortium of France's Total and Italy's Eni plans to accelerate its hunt for oil and gas in block 6 of Cyprus’ Exclusive Economic Zone (EEZ), Energy Minister Natasa Pilides said.
She said the team of energ
Field estimated to hold 2-3 trillion cubic feet of hydrocarbon fuel, as eastern Mediterranean including Israel's territory estimated to have enough supply for export until 2050
NICOSIA, Cyprus (AP) A consortium made up of energy companies Eni of Italy and France’s Total is expediting plans to develop natural gas deposits off Cyprus following the discovery of a third field containing 2-3 trillion cubic feet of the hydrocarbon inside the same licensed exploration area, the Cypriot energy ministry said Wednesday.