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
 Dec 28 2014 - Saudi's RCJY signs USD107.43m dealsMENAFN
(MENAFN) The Royal Commission for Jubail and Yanbu (RCJY) announced it has signed two contracts worth USD107.43 for the construction of a residential complex for the commission staff in Ras Al-Khair ...

 Dec 28 2014 - Saudi GOSI investments hit USD14.37b in 2014MENAFN
(MENAFN) The General Organization for Social Insurance (GOSI) announced that the value of its domestic investments has exceeded USD14.37 billion in 2014, which were circulated in nearly 68 companies, ...

 Dec 28 2014 - ME tourism grows strongly after slumpMENAFN
(MENAFN) After three years of decreasing figures, tourism numbers have rebounded this year, with data from a United National agency showing 4 percent growth in the first 10 months of 2014, Arabian ...

 Dec 28 2014 - Dubai's Danube invests USD81m on tower projectMENAFN
(MENAFN) Dubai's Danube Properties announced that it will be investing USD81.6 million on its affordable luxury apartment project 'Glitz by Danube', Arabian Business reported.The project will include ...

 Dec 28 2014 - Dubai's DI to invest USD2.7b on property projectsMENAFN
(MENAFN) Dubai Investments PJSC announced it has plans to invest USD2.7 billion in real-estate projects in the next five years, due to the increase in demand for property in the emirate, Gulf ...

 Dec 28 2014 - Jewish settlers storm Al Aqsa MosqueJordan News Agency
(MENAFN - Jordan News Agency)  Groups of Jewish settlers on Sunday stormed Al Aqsa Mosque yards via the Al-Magarbah Gate.The settlers toured in groups the Mosque's yards in a provocative manner under ...

 Dec 28 2014 - Public Holiday announced for Prophet Mohammad's BirthdayJordan News Agency
(MENAFN - Jordan News Agency)  All ministries, government departments and public institutions will observe a holiday on Saturday, 12 Rabi' al Awwal, 1436 Hijri corresponding to January 3, 2015, on ...

 Dec 28 2014 - Jordan to observe holiday on New Year's DayJordan News Agency
(MENAFN - Jordan News Agency)  All ministries, public departments and institutions will observe a holiday on Thursday, January 1, 2015 on the occasion of the New Year's Day, according to a ...

 Dec 28 2014 - Cold weather forecast over next two daysJordan News Agency
(MENAFN - Jordan News Agency)  A slight drop in temperatures is expected today and the weather will be cold in the hilly areas but fair in the Jordan Valley and Aqaba.According to the Jordan ...

 Dec 28 2014 - Israeli forces arrest 11 Palestinians in West BankJordan News Agency
(MENAFN - Jordan News Agency)  Israeli occupation forces on Sunday arrested 11 Palestinians from various parts of the occupied West Bank.Palestinian sources reported that the occupation forces ...

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