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Latest news

1 March 2019

Natural Gas discovery

ExxonMobil’s discovery of a natural gas reservoir at the Glaucos well in plot 10 of Cyprus’ EEZ has an estimated value of between $30b and $40b and could generate enough electricity to cover Cyprus’ needs for the next 200 years, Phileleftheros reported on

15 February 2019

Investors from Greece

Greek investors are very keen to invest in the Cyprus economy and are eyeing opportunities in excess of half a billion euros. Informed sources told INSIDER that two big Athens-based construction companies – have joined forces and are close to signing t

8 February 2019

Oil in Cyprus

A sufficiently large and commercially viable oil reservoir has been discovered in Cyprus’s Block 10 Glaucus target, according to Kathimerini sources. Official results from Exxonmobil are not expected until the end of next week. The information comes