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Cyprus News Agency: News in English, 06-05-15
CONTENTS
[01] LILLIKAS - HYDROCARBONS
[01] LILLIKAS - HYDROCARBONS
Indications regarding hydrocarbon deposits in the sea area south of
Cyprus are positive and the Cypriot government, in utmost secrecy and
protecting its national interests, is proceeding with the evaluation of
the island`s energy potential.
Minister of Commerce, Industry and Tourism George Lillikas told a press
conference that there are possibilities of finding hydrocarbon deposits
in the southeastern Mediterranean, according to the results of research
in Egypt.
He added that the Eastern Mediterranean would become an important
centre for international oil companies in the future and that in five
to ten years gigantic steps were expected in the area on a research
level.
``We do not want to raise premature and high hopes among the people.
What we can say at this point is that the first messages we received
are positive and encouraging,`` he said.
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