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
 Jul 28 2016 - Armored Vehicle Market is Anticipated to Reach USD 26.79 billion by 2022 Globally | Research by Hexa ReportsMENAFN Press
(MENAFN Press) The rise in commercial security awareness is expected to increase demand for personnel "armored vehicles market" over the forecast period. Multilateral collaboration between ...

 Jul 28 2016 - Rediff Rakhi 2016 - Free Shipping WorldwideMENAFN Press
(MENAFN Press) Mumbai, Maharashtra, India Rediff";s 2016 Rakhi gifts store is now live for siblings looking forward to celebrate Raksha Bandhan with gust and pomp. The online store showcases ...

 Jul 28 2016 - Military Aircraft Actuation Systems Market Size, Investment Feasibility and Industry Growth Rate Forecast 2016 2020MENAFN Press
(MENAFN Press) Military Aircraft Actuation Systems Market Size, Investment Feasibility and Industry Growth Rate Forecast 2016 2020 Global Military Aircraft Actuation Systems Market 2016-2020 ...

 Jul 28 2016 - Hospital Furniture Market Development, Trend, Segmentation and Forecast to 2027.MENAFN Press
(MENAFN Press) Hospital Furniture Market Development, Trend, Segmentation and Forecast to 2027. Global Hospital Furniture Market Information by Type (Hospital Bed, Hospital Chair, Hospital Table), ...

 Jul 28 2016 - Global Smart Windows Market 2015 Analysis and Forecast to 2022MENAFN Press
(MENAFN Press) Global Smart Windows Market 2015 Analysis and Forecast to 2022 Smart Windows Market to Grow at an 18.7% CAGR Forecast to 2022 PUNE, INDIA, July 27, 2016 /EINPresswire.com/ -- ...

 Jul 28 2016 - Global Medical Tourism Market 2015 Analysis and Forecast to 2022MENAFN Press
(MENAFN Press) Global Medical Tourism Market 2015 Analysis and Forecast to 2022 Medical Tourism Market to Grow at an 18.8% CAGR Forecast to 2022 PUNE, INDIA, July 27, 2016 /EINPresswire.com/ -- ...

 Jul 28 2016 - A WAY to END Islamic TerrorismMENAFN Press
(MENAFN Press) A WAY to END Islamic Terrorism Muslims inciting hate, terror and violence. The Qur''an is the SOURCE of Discontent and MUST BE REVISED with God's Greatest Command. These things I ...

 Jul 28 2016 - Cloud-Based BPO Market 2016 Global Analysis & Forecast to 2020 Market Research ReportMENAFN Press
(MENAFN Press) Cloud-Based BPO Market 2016 Global Analysis & Forecast to 2020 Market Research Report WiseGuyReports.com adds''Cloud-Based BPO Market 2016 Global Analysis & Forecast to 2020 ...

 Jul 28 2016 - Medicated personal care products Market Regional Analysis, Share and Forecast to 2027.MENAFN Press
(MENAFN Press) Medicated personal care products Market Regional Analysis, Share and Forecast to 2027. Global Medicated personal care products Market Information by Types By Beauty care- Forecast to ...

 Jul 28 2016 - Global Caprylic Acid Market 2015 Analysis and Forecast to 2022MENAFN Press
(MENAFN Press) Global Caprylic Acid Market 2015 Analysis and Forecast to 2022 Caprylic Acid Market Forecast to Grow $4.9 million by 2022 PUNE, INDIA, July 27, 2016 /EINPresswire.com/ -- According ...

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