Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-03-23 18:55:00

RUSSIA CAN USE CYPRUS

RUSSIA CAN USE CYPRUS

Companies within Russia's energy industry should take advantage of Cyprus' existing and potential opportunities relating to natural gas infrastructural projects, Energy Minister Giorgos Lakkotrypis said on Friday.

Lakkotrypis was speaking on President Nicos Anastasiades' behalf at the Russian-Cypriot Business and Investment Forum, which was held in Limassol.

In his speech, the energy minister noted that Cyprus was at a critical juncture with regard to both its economic recovery and the strengthening of its cooperation with Russia.

He referred to Anastasiades' recent visit to Moscow, which "reaffirmed the political, commercial, cultural, and religious ties between the two countries and their people", and offered a brief overview of the current economic climate on the island.

"Two years after the 2013 decisions, Cyprus has turned the page, and its economy is on the way to a full recovery," he said.

"The financial sector has been restructured and recapitalised, and our financial institutions have passed the stress-tests. Fiscal deficits have been addressed and important reform is underway."

Lakkotrypis added that the country's progress has been acknowledged by its foreign creditors, and reflected in its sovereign 10-year bond yields, which stood on Thursday at 3.95 per cent, a four-year low, compared with 16.4 per cent from two years ago.

The Forum, Lakkotrypis said, came at a time when Cyprus was preparing to announce the monetisation of its Aphrodite natural gas field, which "marks the first time that Cyprus will move from the research stage to the stage of exploiting its natural resources".

"Using its exceptionally good long-term relations with neighbouring countries, geostrategic location, friendly business environment, stable investment climate, and its favourable tax system, Cyprus is well on the way to becoming a regional energy hub, by attracting companies from every step of the hydrocarbon exploitation chain," he said.

In this context, the minister argued, Cyprus could be a valuable partner to the Russian energy industry with regard to taking advantage of existing, as well as potential, opportunities in creating natural gas pipelines and infrastructure.

Russian ambassador Stanislav Osadchiy noted that negotiations between Russia and Cyprus' leaders in Moscow were very successful and reaffirmed their goal of further strengthening their relations.

"One of the areas of cooperation is economic activity and the development of this cooperation," he said.

Russian deputy minister for economic development Nikolay Podguzov expressed the belief that the Forum would create new business opportunities for companies from both countries.

He argued that the investment sector was an important pillar in the cooperation between the two states, noting that total Cypriot investments in Russia add up to over $200 billion, while Russian investments in Cyprus total almost $170 billion.

Podguzov thanked the government of Cyprus for its stance on European Union sanctions against Russia, which he described as "a means not conducive to fruitful cooperation".

cyprus-mail.com

Tags: RUSSIA, CYPRUS, GAS,

Chronicle:

RUSSIA CAN USE CYPRUS
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

RUSSIA CAN USE CYPRUS
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

RUSSIA CAN USE CYPRUS
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

RUSSIA CAN USE CYPRUS
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

All Publications »