Elias Hazou
An annual revenue of up to €600m is expected from the sale of hydrocarbons, 12 years after production begins at the Aphrodite gas field (in block 12).
Questions still hang over the precise manner in which investments will be made using future oil and gas revenues, MPs said on Monday.
Lawmakers were continuing discussion of a finance ministry bill on the establishment and operation of the National Investment Fund, which will manage hydrocarbons proceeds.
They asked the ministry to come back next time with specifics on how revenues would be invested.
Questions still hang over the precise manner in which investments will be made using future oil and gas revenues, MPs said on Monday.
Lawmakers were continuing discussion of a finance ministry bill on the establishment and operation of the National Investment Fund, which will manage hydrocarbons proceeds.
They asked the ministry to come back next time with specifics on how revenues would be invested.
