Edited by Bouli Hadjioannou
Energy giants Total and ENI are set to expand their presence in the exclusive economic zone (EEZ) of the Republic of Cyprus, and according to government sources they are expected to cooperate in hydrocarbon activities in offshore block 7.
With official announcements on the matter still pending, the same sources told CNA that the French and Italian energy companies may also cooperate in other blocks, in Cyprus’ EEZ. Discussions are being held on multiple levels, with talks between experts still underway, the same sources said.
Last November, the Ministry of Energy announced that it received a single application from joint venture Total E&P Cyprus B.V. / Eni Cyprus Limited, for a licence to carry out explorations for hydrocarbons in block 7 of Cyprus’ EEZ.
Foreign Minister Nicos Christodoulides said on Thursday that developments should be expected in the next few days, concerning the energy programme of the Republic of Cyprus.
