Egypt: Oil Trade Balance Records Surplus
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Egypt: Oil Trade Balance Records Surplus

The hydrocarbons trade balance recorded a surplus for the first time since Fiscal Year (FY) 2012/13, registering $8.1 million as a result of the leap in investments in…

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Cyprus and Turkey: the battle for oil and gas in the Eastern Mediterranean
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Cyprus and Turkey: the battle for oil and gas in the Eastern Mediterranean

The rush for oil and gas reserves in the Eastern Mediterranean is heating up, and nowhere more so than in Cyprus where the government and the UN have…

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Turkey due to start another drilling operation off Cyprus
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Turkey due to start another drilling operation off Cyprus

Turkey’s drillship, the Yavuz, is due to commence its second drilling operation sometime over the next few days, Turkish Energy Minister Fatih Donmez said on Monday. He did…

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US Embargo on Turkish drilling in East Med
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US Embargo on Turkish drilling in East Med

Turkish opposition newspaper Cumhuriyet reported yesterday on the reasons for the departure of the drillship Yavuz from Karpasia and the expected departure of Fatih currently off the coast…

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Egypt Idku LNG Plant to return to full operation
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Egypt Idku LNG Plant to return to full operation

One of Egypt’s two liquefaction plants will back to full operation next month. The 7.2mn t/yr Egyptian LNG (ELNG) facility will return to 100pc of nameplate capacity next…

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Turkey warns Total & Eni not to drill off Cyprus
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Turkey warns Total & Eni not to drill off Cyprus

Turkish Foreign Ministry Spokesman Hami Aksoy claimed block 7 overlaps a section of Turkey’s continental shelf. “Part of the so-called license area Number 7 — as we have…

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Exploration and exploitation in Cyprus block 7 ‘an exclusive sovereign right’
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Exploration and exploitation in Cyprus block 7 ‘an exclusive sovereign right’

The exploration and exploitation of offshore block 7 is an exclusive sovereign right of Cyprus and does not affect the rights of any third state, including Turkey, the…

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Cyprus signs new agreement with Eni and Total on Block 7
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Cyprus signs new agreement with Eni and Total on Block 7

Cyprus on Wednesday signed agreements with France’s Total and Italy’s Eni for exploration in block 7 of Cyprus’ exclusive economic zone (EEZ). The contracts were signed at the…

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Challenges to Israel’s gas exports
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Challenges to Israel’s gas exports

Since discovery of natural gas in its exclusive economic zone Israel has been dreaming of exports, riches and political influence. Massive political capital has been expended in this…

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25 international companies  interested to supply LNG to Cyprus
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25 international companies interested to supply LNG to Cyprus

The first stage of Cyprus’ Gas Company’s (DEFA’s) tendering process for the supply of liquefied natural gas (LNG) has seen considerable interest from the international markets, the body…

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