Cyprus News Agency: News in English, 11-08-18

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From: The Cyprus News Agency at <http://www.cyna.org.cy>

CONTENTS

[01] HYDROCARBONS - EXPLORATION

[02] ENERGY - SUPPLY

[03] CYPRUS ISSUE - TALKS

[04] CONSTRUCTION - MATERIALS

[01] HYDROCARBONS - EXPLORATION

She told reporters, on the sidelines of a House Committee meeting, that as a Minister and as a politician, she has sent a message to Turkey that if it is looking forward to a future of peaceful cooperation, then the best thing it can do is to allow for a solution to the Cyprus issue.

As things stand at present, only Cyprus can allow the continuation of Turkeys accession course, and the best way to contribute to creating a climate of peace and cooperation in the region is to help efforts towards a solution which will reunite Cyprus, she said.

A solution, she pointed out, should be based on the agreed framework for a bizonal, bicommunal federation, with political equality, as defined in UN resolutions, so that everyone together, Cyprus, Greece, Turkey and Middle East countries can coopere and develop within the European family.

Cyprus, which joined the EU in May 2004, has blocked several negotiating chapters in Turkey`s membership talks, because Ankara refuses to meet its EU obligations which relate to Cyprus, including normalising relations with the Republic and opening its ports and airports to Cypriot flagged vessels and aircraft.

The Commerce Minister said that later Thursday she will have a meeting with the US company Noble Energy, which has undertaken to carry out the exploration in block 12.

She said Noble had asked for the meeting to get to know the new Minister who assumed office earlier this month.

Replying to questions, she said the company did not appear concerned with Turkish threats against Cyprus for exercising its sovereign rights.

Noble Energy received on October 2008 a concession from the government of the Republic of Cyprus to explore for hydrocarbons in Block 12, located in Cyprus Exclusive Economic Zone, which borders reserve-rich Leviathan in Israels EEZ.

[02] ENERGY - SUPPLY

Speaking after a meeting of the House Trade Committee, Antoniadou and Stylianou referred to the valiant efforts by EAC staff and others to minimize the impact of the massive explosion on July 11 which destroyed the islands main power plant.

Borderline supply adequacy has been restored in a very shot time, Antoniadou noted.

Stylianou explained that energy adequacy has been restored, owing to power generators from Greece. The lease contract, he added, has been extended up to February 2012 and in addition to that the EAC expects additional generators from a US contractor to arrive this week.

[03] CYPRUS ISSUE - TALKS

According to a UN announcement, the meeting will take place in the morning, at the Chief of Missions residence in the United Nations Protected Area of Nicosia.

The last meeting, scheduled for August 5, was cancelled at the request of the Greek Cypriot negotiating team. The request was accepted both by the UN and the Turkish Cypriot team.

[04] CONSTRUCTION - MATERIALS

The Price Index of Construction Materials for July 2011 reached 126.11 units, recording a marginal increase of 0.02% over the previous month.

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