The president of the Fuel Station Owner Association Stefanos Stefanou said that the prices of fuel have increased by 33% in just one year and that for the first time the price of diesel surpassed the one of petrol. Heating diesel price increased above 1 euro per litre for the first time and the price […]
Rauf Denktash stated yesterday at a Turkish Cypriot TV Channel that Turkish navy should stop the Greek Cypriot attempts for exploiting oil in the area.
As a result of the riots in the Arab world the prices of oil have increased in the international markets by 10%
Cyprus may launch a new hydrocarbons licensing round in the eastern Mediterranean this year, offering up to 12 blocks for oil and gas exploration, a senior official said on Monday.
A top Cyprus energy official said Tuesday that the Mediterranean island will go ahead with a second licensing round for offshore oil and gas exploration later this year in a move that could stoke tensions with Turkey (bloomberg.com).