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."

br>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
 Nov 26 2015 - Turkey- G20 Communiqu: 34The fight against terrorism is a major priority34The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Following the two-day summit in Antalya Turkey G-20 leaders released a communiqué calling for greater coordination and information to counter terrorist ...

 Nov 26 2015 - Muslims on 39the front line39 against terror: NATOThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) NATO Secretary General Jens Stoltenberg has said it is Muslims who are on “the front line” in the fight against terrorism and extremism. ...

 Nov 26 2015 - Western Balkans 39key to fighting extremism39The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The western Balkans is “key” to stemming extremism and terrorism the president of the European Council said Wednesday. Speaking at a summit to ...

 Nov 26 2015 - Turkey- Syrian Turkmen facing 39critical39 period in battleThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Fighting between Syrian Turkmen forces and regime troops is “critical" the leader of the Turkmen opposition said Wednesday. Russian airpower is ...

 Nov 26 2015 - ISIS kills its Austrian 39poster girl39 after she attempts to flee SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) An Austrian teenager who fled to Raqqa Syria in order to join the Islamic fundamentalist terror organization Islamic State was beaten to death after ...

 Nov 26 2015 - Kuwait Spain discuss scientific cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait Institute for Scientific Research (KISR) and Spanish Nuclear Safety Council (CSN) discussed means of scientific cooperation and ...

 Nov 26 2015 - Kuwait- KNPC upgrades operations at Al Ahmadi refineryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait National Petroleum Corporation (KNPC) announced on Thursday upgrading its Fluid Catalytic Cracking Unit at Al-Ahmadi Refinery so as ...

 Nov 26 2015 - Deputy FM: Kuwait interested in tightening airport security in coordination with BritainKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Deputy Foreign Minister Khaled Al-Jarallah said on Thursday Kuwaiti security authorities are keen to work with the British side for ...

 Nov 26 2015 - Al Tayer affirms DEWA's commitment to support UAE national identityEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 26th November 2015 (WAM) -- Saeed Mohammed Al Tayer MD and CEO of Dubai Electricity and Water Authority DEWA has affirmed DEWA's commitment to ...

 Nov 26 2015 - UAE- YFEL Led Solar Energy Project with Masdar Collaboration Comes Online to Help Power Rashid Abdullah Omran HospitalEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 26th November 2015 (WAM)--Masdar has completed a 543 KWp photovoltaic (PV) solar power project that is to deliver renewable energy to the Rashid ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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