x

Society

Italy’s Eni Renews Cyprus Oil, Gas Deal

NICOSIA — The Cyprus government has renewed an agreement with Italian energy company Eni and its South Korean partner KOGAS to search for oil and gas in waters off the Mediterranean island’s southern coast.

Eni said in August that it discovered off Egypt’s coast what it called the biggest gas field ever found in the Mediterranean sea.

Cyprus Energy Minister Yiorgos Lakkotrypis says Eni’s license to search in three areas has been extended to February 2018.

He said after a Cabinet meeting Monday exploratory drilling could begin sometime in 2017, but a consortium study is still in its preliminary stage.

Earlier this month, French energy company Total also renewed its license to search for oil and gas off Cyprus for two more years.

RELATED

NICOSIA - Relative to its population, Cyprus shipped out more migrants – some 3,500 – than any other European Union country in the first half of 2022 although the island isn't a favored destination.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.