Tag: Cyprus
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EuroAfrica cable enters crucial phase
The EuroAfrica Interconnector, a planned subsea electric cable connecting the Egyptian, Cypriot and Greek power grids to continental Europe has entered a crucial phase of conducting project studies with a signing ceremony for a memorandum of understanding among all parties having taken place on Monday. The officials attending the signing ceremony in Cairo endorsed their…
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Total to start exploratory drilling off Cyprus with Greece following
The discovery of natural resources in Israel and Egypt has motivated big companies to look into the Eastern Mediterranean closer. The French oil exploration company Total is ready to start exploratory marine drilling off Cyprus. What made this possible was the discovery of the Egypt’s Zohr deposit. Experts argue that the chances for deposits of similar value in Cyprus’…
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Culture capital celebrations get underway in Paphos
CELEBRATIONS to mark the official opening of Pafos2017 got underway in the town on Saturday ahead of the main event later in the evening. A number of free events are being held in Paphos over the weekend to mark the occasion. Excitement is mounting in the town and the buoyant mood was further lifted by…
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French Total preparing to drill off Cyprus for natural gas, says ministry source
French energy company Total is preparing to make an exploratory marine drilling off Cyprus, a Ministry of Commerce and Energy source said on Saturday. Total, along with Italy’s ENI and Exxon Mobil, was awarded licenses for hydrocarbons exploration by Cyprus last month. The ministry source said Total plans to drill in block 11 of Cyprus’…