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UPDATE 2-Cyprus opens second hydrocarbons licensing round

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Clarissa2


Joined: 12/06/2009
Posts: 1476

Message Posted:
14/02/2012 17:16

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NICOSIA, Feb 13 (Reuters) - Cyprus has opened a second hydrocarbons licensing round, buoyed by natural gas discoveries off its own shores and rich finds in waters off neighbouring Israel.

Turkey, which disputes Cyprus's exploration rights, supports a breakaway Turkish Cypriot state in northern Cyprus. It says it too will explore for oil and gas, including an onshore drill in north Cyprus slated to start at the end of February.

Future cooperation on tapping energy reserves is an issue likely to be high on the agenda of talks Israeli Prime Minister Benjamin Netanyahu will have during a visit to the island this month.



http://af.reuters.com/article/energyOilNews/idAFL5E8DD2W420120213?pageNumber=1&virtualBrandChannel=0



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