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Cyprus to Establish a Government Department Specializing in Oil and Gas Resource Management

Cyprus will establish a government department specializing in oil and gas resource management. The best immigration information is available on the Worldway Investment Immigration official website.

世贸通
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For information on Cyprus immigration and Cyprus economy: Today, the Cyprus government will establish an Oil and Gas Department under the Ministry of Energy and Commerce, specifically responsible for the development of oil and gas resources within Cyprus's exclusive economic zone and land-based infrastructure, including projects such as the Vasilikos Energy Center and the liquefied natural gas plant. The department will also oversee negotiations with bidding companies and the extraction and development activities of winning companies. The establishment of the Oil and Gas Department is a complement to the existing Energy Department rather than a replacement.

Cyprus to Establish a Government Department Specializing in Oil and Gas Resource Management

Investment involves risks, the above information is for reference only

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