Economy category powered by

Government and Chevron reaffirm strategic importance of Aphrodite development

The Cyprus government and Chevron International have reaffirmed that the development of Aphrodite gas field, located in the country's Exclusive Economic Zone (EEZ), is of "strategic importance."

The issue was discussed during a 20 September meeting that President, Nikos Christodoulides, had in New York with Chevron's President Clay Neff, and other officials of the company.

On the part of Chevron, it was noted that the development of the gas field constitutes a priority for the company and takes place in the framework of energy plans in the Eastern Mediterranean.

According to a press release issued by the Presidency, "During the meeting both the government and the company reaffirmed the strategic importance attributed to the development of Aphrodite gas field."

On the part of the company it was noted that the development of the gas field constitutes a priority for the company and takes place in the framework of energy plans in the Eastern Mediterranean, it was added

Moreover, during the discussion, the two sides exchanged views regarding the plans carried out for the exploitation of energy resources in Cyprus' EEZ, while they also touched upon the negotiations that are underway between the Republic of Cyprus and the Company.

"President Christodoulides expressed the government's intention and readiness for constructive cooperation to achieve our common objectives," the press release concluded. 

(Source: CNA)

Read More

CBN Young Dragon Awards by category: Financial Services
Cyprus included in Dealroom global list of ‘Top countries- VC investment per capita 2024’
Invest Cyprus discusses business and investment ties with India’s High Commissioner
Alpha Holdings says it is not negotiating Bank of Cyprus stake
Become a Real Game Changer: Win a Full Scholarship from Energame and CIM – Cyprus Business School
CBN Young Dragon Awards by category: Services
Kristofer Richard Kraus resigns from Hellenic Bank’s Board of Directors
Schools awarded for their documentaries at Synekpaidefsi 2023-2024
Refan to open new store at the Mall of Cyprus
Estella Hotel to make way for €4 million Global Tower office development (pics)