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Cyprus News Agency: News in English, 06-05-15

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] LILLIKAS - HYDROCARBONS

  • [01] LILLIKAS - HYDROCARBONS

    Indications regarding hydrocarbon deposits in the sea area south of Cyprus are positive and the Cypriot government, in utmost secrecy and protecting its national interests, is proceeding with the evaluation of the island`s energy potential.

    Minister of Commerce, Industry and Tourism George Lillikas told a press conference that there are possibilities of finding hydrocarbon deposits in the southeastern Mediterranean, according to the results of research in Egypt.

    He added that the Eastern Mediterranean would become an important centre for international oil companies in the future and that in five to ten years gigantic steps were expected in the area on a research level.

    ``We do not want to raise premature and high hopes among the people. What we can say at this point is that the first messages we received are positive and encouraging,`` he said.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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