Companies category powered by
George Papanastasiou: Adnoc has expressed interest in Cyprus gas
08:47 - 05 November 2024
United Arab Emirates energy giant Abu Dhabi National Oil Co. (Adnoc) has expressed interest in Cyprus' emerging natural gas sector, Energy Minister George Papanastasiou has told Reuters.
Papanastasiou said Adnoc had not made any formal request or proposal to the government, though it had expressed interest "quite a number of times".
Energy Minister George Papanastasiou
"They expressed interest for the eastern Mediterranean," the minister said on the sidelines of an Abu Dhabi energy conference. "Their interest is mostly on de-risk assets (acquisitions). But at the same time they may consider entering a new potential licensing round in order to get into blocks," he said.
The minister did not say when Adnoc expressed interest.
Reuters has previously reported, citing sources, that Adnoc and BP met with Cypriot energy ministry officials last summer to discuss investments in the country's natural gas sector.
News Feed
14 hours, 51 minutes ago Companies
What it’s like to work at Wrike1 day, 15 hours ago People
How Pantelis Mitsu took mitsu|mitsu from sewing room to dressing Saudi royalty2 days, 10 hours ago Current Affairs
President appoints Representative for Religious Freedoms/Protection of Minorities in MidEast2 days, 10 hours ago People
Dinos Lefkaritis re-elected President of Larnaca Tourism Development and Promotion Company2 days, 10 hours ago Economy
CyRIC coordinatin Code: Re-farm project2 days, 12 hours ago Companies
Metropolis Mall welcomes four new stores2 days, 12 hours ago Technology
CMMI at EURONAVAL in Paris