Cyprus to Launch Third Round for Offshore Oil and Gas Drilling

16:39 - 28 Μαρτίου 2016

GoldNews
The detection of carbonate layers in the southern part of Cyprus’ Exclusive Economic Zone (EEZ), which could hold pockets of natural gas, was a chief reason behind the government’s decision to launch a third oil and gas licensing round, Energy Minister Giorgos Lakkotrypis has said.
According to a notice recently published, in the EU’s official journal, Cyprus is now inviting bids for exploration of hydrocarbons in offshore blocks 6, 8 and 10.
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