Economy category powered by

US Ambassador welcomes announcement on Aphrodite gas field

07:45 - 19 September 2024

Economy Reporter

US Ambassador in Cyprus, Julie Davis Fisher, has welcomed the announcement about the Aphrodite gas field in Cyprus' Exclusive Economic Zone.

"Leadership matters. This announcement is good news for Cyprus and good news for those committed to progress on Aphrodite. I welcome this positive step and look forward to momentum in the weeks and months ahead between ⁦⁦Chevron’s consortium and the Ministry of Energy", she wrote on 'X'.

The Ambassador was referring to the joint press release by the Ministry of Energy of Cyprus and Chevron that said that George Papanastasiou, Minister of Energy, Commerce and Industry of the Republic of Cyprus, and Frank Cassulo, Chevron Vice President of International E&P, held constructive meetings this week in Nicosia regarding the Aphrodite project.

The Republic of Cyprus and Chevron have agreed to hold discussions over the next four months in order to seek an amicable solution that ensures the development of the Aphrodite gas field without further delays, the Minister said.

(Source: CNA)

News Feed

All News

Read More

General government surplus of €551.2m in first five months of 2025
China Enterprises Chamber in Cyprus holds first annual meeting in Limassol
Mouzourides: The economic footprint of FIBA ​​EuroBasket and why it is a unique opportunity for the hotel sector
Car registrations on the up- The brands with the most demand for new and used cars
Cyprus ranks first in EU in reducing Stage 2 loans by end of 2024, according to EBA report
Annual industrial production up by 3% in April, 3.8% in Q1 2025
Annual petroleum product sales increase of 9.9% in May, 2.5% since January
Cyprus a leader in solar energy use for water heating, says Energy Minister
Nuno Moura on the new code of digital marketing, TikTok, and the rules of the game
Association of Large Investment Projects: Reforms for a resilient economy, let's capitalise on positive developments