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NICOSIA, Cyprus (AP) ExxonMobil and partner Qatar Energy expanded their stake in potential oil and gas deposits off Cyprus by signing a deal with the east Mediterranean island nation Friday for a second exploration license in waters that Turkey partly claims.
NICOSIA US giant ExxonMobil and Qatar Energy signed a contract on Friday for oil and gas exploration and production-sharing off the divided island of Cyprus.Cypriot Energy Minister Natasa Pilides, Varnavas Theodosiou, CEO of ExxonMobil Cyprus, and Ali Al Mana, director of Qatar Energy's International Upstream and Exploration, signed the contract in Nicosia.It is the second
ExxonMobil and partner Qatar Energy expanded their stake in potential oil and gas deposits off Cyprus by signing a deal with the east Mediterranean island nation Friday for a second exploration license in waters that Turkey partly claims. Drilling off Cyprus has been a source of tension with neighboring Turkey since 2011, when Texas-based Noble…
ExxonMobil and Qatar Energy will conduct oil and gas exploration off the coast of Cyprus, despite threats from Turkey, who believe it violates their continental shelf in the eastern Mediterranean.