Chevron to search for gas and oil off Cyprus
NICOSIA - US oil giant Chevron is interested in exploring the area around Cyprus for oil and gas, it has been officially confirmed.
The Director of the Commerce Ministry said that the company had paid the government more than a million euros for information on the area in question ahead of the second round of licensing in the autumn.
A similar deal has already been signed with another US company.
http://www.cyprusweekly.com.cy/main/92, ... 1912-.aspx
Chevron to search for gas and oil off Cyprus
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Chevron to search for gas and oil off Cyprus
by Lit » Sun Jul 19, 2009 10:23 am
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by Nikitas » Sun Jul 19, 2009 11:18 am
First the EU accession, now the oil, and the series of events that the belief that they had solved the Cyprus problem in 1974 is shaken more and more each day.
It is hilarious to listen to the statements, like Eroglu yesterday, that there are two separate states, but at the same time insist that if oil is found off the southern coast it belongs equally to both "states". Going from bazaar mentality to outright greed in one morning's official communiques!
It is hilarious to listen to the statements, like Eroglu yesterday, that there are two separate states, but at the same time insist that if oil is found off the southern coast it belongs equally to both "states". Going from bazaar mentality to outright greed in one morning's official communiques!
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by Lit » Sun Jul 19, 2009 7:45 pm
http://famagusta-gazette.com/default.as ... te&he=.com
US oil giant Chevron eyes Cyprus coast
Chevron Corporation is the world's fourth largest non-government energy company
FAMAGUSTA GAZETTE 19.JUL.09
It has been confirmed that one of the world's six "supermajor" oil companies has taken an interest in the possibility of drilling for oil off the Cyprus coast.
US oil giant Chevron is said to have paid the government over US 1 million for data reports and is preparing to study the area around Cyprus for oil and gas.
The Director of the Commerce Ministry said that the company had paid the government for information on the area in question ahead of the second round of licensing in the autumn.
Chevron Corporation is the world's fourth largest non-government energy company and active in more than 180 countries.
A similar deal has already been signed with another US company.
A news agency says study suggest there could be undersea reserves of up to eight billion barrels of crude oil worth about $400bn off Cyprus.
In a separate development, Turkey authorized its Turkish Petroleum Corp to explore for oil off the coast of Cyprus.
US oil giant Chevron eyes Cyprus coast
Chevron Corporation is the world's fourth largest non-government energy company
FAMAGUSTA GAZETTE 19.JUL.09
It has been confirmed that one of the world's six "supermajor" oil companies has taken an interest in the possibility of drilling for oil off the Cyprus coast.
US oil giant Chevron is said to have paid the government over US 1 million for data reports and is preparing to study the area around Cyprus for oil and gas.
The Director of the Commerce Ministry said that the company had paid the government for information on the area in question ahead of the second round of licensing in the autumn.
Chevron Corporation is the world's fourth largest non-government energy company and active in more than 180 countries.
A similar deal has already been signed with another US company.
A news agency says study suggest there could be undersea reserves of up to eight billion barrels of crude oil worth about $400bn off Cyprus.
In a separate development, Turkey authorized its Turkish Petroleum Corp to explore for oil off the coast of Cyprus.
- Lit
- Regular Contributor
- Posts: 2293
- Joined: Tue Mar 24, 2009 6:32 am
- Location: Right behind ya
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