ENI believes there is a sense in investing in Cyprus and it is committed to be here especially at this particular period of time, ENI Cyprus LTD Managing Director Alessandro Barberis has said.
Speaking on Monday during a conference organised by the PRIO Cyprus Centre, in collaboration with the Atlantic Council, the Friedrich-Ebert-Stiftung in Cyprus and Istituto Affari Internazionali and Strata Insight, Barberis said that ENI has a strong presence in this region and especially its activities in Egypt date back to 1954.
He added that after the discovery of Zhor gas field off the coast of Egypt, the position in the country has been reinforced. The finding of Zhor, he pointed out, opened a completely new era that was unknown. Barberis said that the company struggled a lot to find partners in Zhor and ended up drilling it 100% alone, but the risk was well paid by the results, he pointed out.
