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2016-07-06 18:00:00

ENI & CYPRUS COOPERATION

ENI & CYPRUS COOPERATION

 

CYPRUS GAS MAP

 

CYPRUS GAS MAP

 

NGE wrote, the president of the Republic of Cyprus, Nicos Anastasiades and the CEO of Italian major Eni, Claudio Descalzi, met in Nicosia July 5, Eni said, giving no reason for the timing.

Eni said the meeting was "an opportunity to jointly review and discuss Eni's current activities in the country and the potential development for future opportunities." In January the government extended the Eni-Kogas license for blocks 2,3 and 9 by two years so it expires in February 2018.

Descalzi confirmed that Eni remained "highly committed to Cyprus hydrocarbons exploration and to the eastern Mediterranean in general." The company will be working proactively with the government of Cyprus in order to maximize the exploitation of the Country's hydrocarbon resources.

Eni also illustrated to the Anastasiades the possible synergies related to future energy projects in the eastern Mediterranean, an area that could represent an important diversification source and route for the energy supply in Europe.

Eni is the operator of the giant Zohr field offshore Egypt, which is close to the boundary with Cyprus. It is due to start up in 2017, with domestic demand expected to account for some of the output.

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Earlier:

CYPRUS: 

RUSSIA CAN USE CYPRUS 

CYPRUS START DRILLING 

CYPRUS GAS $3B 

THE NEW HOPE OF EUROPE

 

ENI: 

ENI CUTS 21% 

ENI PROPOSES $4 BLN 

ENI SELLS SAIPEM: €6.5 BLN 

ENI LOSS €0.95 BLN 

ENI DISCOVERS EGYPT

 

 

Tags: ENI, CYPRUS, OIL, GAS

Chronicle:

ENI & CYPRUS COOPERATION
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.

ENI & CYPRUS COOPERATION
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.

ENI & CYPRUS COOPERATION
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.

ENI & CYPRUS COOPERATION
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.

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