Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Cyprus seeking Qatari energy expertise, investment  Join our daily free Newsletter

MENAFN - The Peninsula - 29/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) The visiting President of the Republic of Cyprus, Nicos Anastasiades, yesterday announced that during his stay in Qatar, he has witnessed the signing of four strategic agreements to enhance bilateral economic cooperation, especially in the filed of energy.



Cyprus, aiming at exploiting and monetising its recently found huge hydrocarbon reserves, is seeking Qatar's energy expertise and investments. The European island-nation, over the last 10 years, has inked more than a dozen agreements with Qatar to enhance ties in host of sectors.



"Cyprus is offering an open invitation to Qatar to invest in various promising sectors of our economy, including energy. Cypriot businessmen are also looking forward to investing in Qatar," Anastasiades told The Peninsula on the sidelines of the Cyprus-Qatar Business Forum.



Anastasiades said: "During my current visit we have signed four important agreements with Qatar for cooperation in the field of energy, natural resources, education and research and development.



Qatar was the first country in the Arabian Gulf region to have a Cypriot embassy, which was opened in 2003. Since then, the two countries have developed fruitful and close cooperation. "Since the time we have started enhancing our relationships with Qatar, we have singed nearly 15 treaties, and I believe that we are doing much better than any other country," he added. "There are a lot of untapped areas of cooperation between our two countries, such as tourism, real estate, culture, education and healthcare business."



Present were Sheikh Khalifa bin Jassim bin Mohamed Al Thani, Chairman of Qatar Chamber, Giorgos Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism of Cyprus, Christodoulos Angastiniotis, Chairman of Cyprus Investment Promotion Agency, and many prominent businessmen.



"We really look up to what Qatar has done with its oil and gas industry like the way it has developed and managing its resources for the current and future generations," said Lakkotrypis. He said: "We want to exchange know-how and other energy expertise from Qatar. We also want to understand how Qatar has moved in this regard.



Asked about Qatar's response on investing in Cyprus, the minister said: "There is a lot of interest. It is a possibility that Qatar will be investing in as the opportunities are opening up. We will be exchanging more views and information shortly, and I hope that it will soon be materialised.



However, he noted that no specific agreements have been singed for investment so far as both sides are still working on the same.



On the volume of natural gas reserves in Cyprus, Lakkotrypis said: "It is difficult to provide the exact size of the reserves, but according to some estimates, we have proven reserves of about 43 trillion cubic feet, and a lot more is certainly coming.



"There are a lot of investment opportunities in Cyprus and the Qatari businessmen are aware about it. Today we signed an agreement with Cyprus Chamber of Commerce and Industry to facilitate bilateral cooperation and investments," said Sheikh Khalifa


 


The Peninsula




  MENA News Headlines
 Jul 31 2015 - Telecoms consider Gulf markets after poor Q2MENAFN
(MENAFN) Gulf stock markets were narrowly mixed yesterday as a series of disappointing corporate earnings reports, especially in the telecommunications sector. Saudi Arabia's main index inched down ...

 Jul 31 2015 - Tunisia cuts own growth estimationMENAFN
(MENAFN) Tunisia has cut its 2015 growth forecast to 0.5% this year, down from an expected 1%, its finance minister said yesterday.Tourism revenues represent about 7% of the economy, and, adding to ...

 Jul 31 2015 - Vodafone Qatar increase plans stay on trackMENAFN
(MENAFN) Vodafone Qatar, which has witnessed a 5% jump in customer base to USD 1.42mn in the first three months of this year.Revenue was down 8% to QR537.9mn and mobile average revenue per user.The ...

 Jul 30 2015 - Egypt- Trial of businessman Ehab Talaat postponedqDaily News Egypt
(MENAFN - Daily News Egypt) The trial of prominent businessman Ehab Talaat was postponed to 26 December on Tuesday for an expert report on the matter.Talaat is being sued by the Al-Ahram Foundation ...

 Jul 30 2015 - Egypt participates in UN counter-terrorism meetingDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian delegation participated Tuesday in the UN counter-terrorism meeting in the Spanish capital, Madrid, and discussed efforts to tackle militancy.Egypt also ...

 Jul 30 2015 - Egyptian court postpones verdict in Al Jazeera journalists' retrialDaily News Egypt
(MENAFN - Daily News Egypt) A court in the Egyptian capital, Cairo, has postponed the verdict in the retrial of three Al Jazeera journalists, jailed for aiding a terrorist organization with false ...

 Jul 30 2015 - Egypt- 'Will justice be served this Thursday?' (1):JournalistsDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian court will conclude one of Egypt's most hotly debated cases since the ouster of the Muslim Brotherhood regime in 2013, and one of the longest trials the ...

 Jul 30 2015 - Al-Jazeera re-trial case adjourned to 2 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian court was to conclude Thursday one of Egypt's most debated cases since the toppling of the Muslim Brotherhood's regime, also among the longest trial the ...

 Jul 30 2015 - Egypt- Trial against Fatima Naoot continuesDaily News Egypt
(MENAFN - Daily News Egypt) The prosecution at the Sayeda Zeinab Misdemeanour Court decided on Wednesday to postpone the case against Fatima Naoot, who is charged with contempt of religion.In turn, ...

 Jul 30 2015 - Ooredoo Oman profit up 18.7 percent in H1MENAFN
(MENAFN) Omani Qatari Telecommuni-cations Company (Ooredoo), has reported an 18.7 percent increase in its net profit for the first half of this year.The company's revenues for the first half of 2015 ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help