Cyprus-Forum.com

[Paphitis]

There are financial, environmental and above all, political aspects regarding the oil. All these must be taken into consideration before any move is made. Probably, it cannot be touched (if it is there) until a solution to the cyprob is reached. The populist rhetoric that aims at making the natives believe we are on the verge of becoming rich, is dangerous in this explosive part of the world with so many issues open.

Noble Energy seem to think that it can be touched and I bet they won't be waiting for any solution that quite possibly won't be forthcoming fir at least 10 years, if not ever!

As for the environment, mining and oil companies spend Billions in remedial, and such arrangements are made as a precondition to their leases distributed to them by the Government. This is what happens here, and I presume that Cyprus is no different!

Furthermore, no one has been saying that we will be rich. The island will be more well off, there is no question about that.

[DT.]

There are financial, environmental and above all, political aspects regarding the oil. All these must be taken into consideration before any move is made. Probably, it cannot be touched (if it is there) until a solution to the cyprob is reached. The populist rhetoric that aims at making the natives believe we are on the verge of becoming rich, is dangerous in this explosive part of the world with so many issues open.

Trust me, it's going to be touched.

And if by well off you mean that electrical power will be cheaper for businesses and households making them more competitive and providing more disposable income for the residents of Cyprus then they're right.

[Kikapu]

There are financial, environmental and above all, political aspects regarding the oil. All these must be taken into consideration before any move is made. Probably, it cannot be touched (if it is there) until a solution to the cyprob is reached. The populist rhetoric that aims at making the natives believe we are on the verge of becoming rich, is dangerous in this explosive part of the world with so many issues open.

Actually Bananiot, I'm in the opinion that once the Oil and Gas is brought to the surface, it will in fact act as a catalyst to enhance the talks at much faster rate to a settlement.

[B25]

There are financial, environmental and above all, political aspects regarding the oil. All these must be taken into consideration before any move is made. Probably, it cannot be touched (if it is there) until a solution to the cyprob is reached. The populist rhetoric that aims at making the natives believe we are on the verge of becoming rich, is dangerous in this explosive part of the world with so many issues open.

Oh dear, more scaremongering from out Turkish mouth piece.

Lets not do anything until the turks decide for us a?

Hade re Bananiot, xipna re!

[bill cobbett]

Anyone got any info on how, in a Federal system, oil and gas royalties are divided between the central federal government and the constituent state ????

[Paphitis]

Anyone got any info on how, in a Federal system, oil and gas royalties are divided between the central federal government and the constituent state ????

Royalties go to the State Governments in Australia, but mining, oil and gas companies pay company Federal Tax on profits.

Any surplus tax revenue is then divided amongst all the States and Territories after the Federal Government take care of Federal Budget needs such as Defence and what not!

This is what happens in a normally functioning Federation, but the Turkey will try and redefine Federation into something that does not function as well to suit their own agendas.

[Bananiot]

Bill, carefully, you are now treading on sensitive political issues. It is beginning to sound like "bring the S300" at all cost. The simpletons are in full flight ...

[Paphitis]

Bill, carefully, you are now treading on sensitive political issues. It is beginning to sound like "bring the S300" at all cost. The simpletons are in full flight ...

Noble Energy are already here, so if they got an issue, then they can declare war against the US and Israel if they like!

[DT.]

Bill, carefully, you are now treading on sensitive political issues. It is beginning to sound like "bring the S300" at all cost. The simpletons are in full flight ...

The simpletons can do what they like banana. I know first hand that the drilling will commence as planned.

You can self-mutilate all you like But no one is getting between this country, the ruling party's 10% standard fee and the gas on the bottom of that continental shelf. Biggest difference the people of Cyprus will see is cheaper electricity,

[Bananiot]

Right, the USA are on our side now! Who needs them anyway? And if the USA has greater, far greater, energy interests with Turkey, then we can go back to the "Americans, slaughterers of people". Either way we win, suckers ...