Companies category powered by
ENI has no intention to sell its rights in Cyprus' EEZ, says President
08:56 - 04 July 2024
President of the Republic Nikos Christodoulides has refuted reports that ENI intents to sell its rights in Cyprus' EEZ.
Asked if he was concerned by reports in relation to ENI that it would sell its rights for hydrocarbon exploration and exploitation in Cyprus' EEZ, the President said that "we have spoken with ENI, there is absolutely no intention in relation to the EEZ of the Republic of Cyprus. "
Italian oil giant ENI was said to be considering divestment from specific projects.
Citing unnamed sources, Bloomberg reported on Monday that Eni is planning to divest over $4 billion in upstream assets, with Indonesia and Cyprus among those potentially targeted.
Invited to comment on the report, Energy Minister George Papanastasiou told CNA that Nicosia has no information on the matter.
(Source: CNA)
News Feed
16 hours, 4 minutes ago Companies
CBN Young Dragon Awards: Meet the candidates in the Financial Services category16 hours, 17 minutes ago Companies
Siarhei Kostevitch: Cyprus has been ideal as a base for ASBIS's operations16 hours, 28 minutes ago Companies
Christoforos Soutzis: Cyprus has undoubtedly become a leading hub for CFD brokers in the EU, especially since Brexit1 day, 8 hours ago Companies
ExxonMobil-Qatar Energy to drill two more wells in Cyprus' EEZ1 day, 9 hours ago Real Estate
Trilogy Plaza new additions1 day, 9 hours ago Companies
PIN-UP Global supported the Leadership & HR Management Conference organised by IMH and PwC Cyprus1 day, 10 hours ago Current Affairs
President: 2025 Εurobasket in Cyprus will be "excellent”