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New licences will strengthen gas consortium says minister
July 31, 2019
Energy Minister Giorgos Lakkotrypis said on Tuesday that a cabinet decision the previous day granting licences to France’s Total and Italy’s Eni for block 7 of Cyprus’ exclusive economic zone (EEZ) would strengthen the consortium in several ways.
The cabinet on Monday announced that the Total-Eni consortium had been granted a licence for exploratory drillings in block 7. Lakkotrypis said Total had also been granted a licence for blocks 2, 3, 9 and 8, where ENI has been operating.
In statements to the press at the Philoxenia Conference Centre in Nicosia, Lakkotrypis said the framework of cooperation between Cyprus and the two companies, which was an initiative of President Nicos Anastasiades and the CEOs of Total and ENI, had been concluded.