Libya interested to invest in Cyprus

Libya is interested in participating in Cyprus Energy Center, in supplying Cyprus with natural gas and in investing in the energy sector in Cyprus, Libyan Minister of Petroleum Shokri Ghanem has assured.

Cyprus Minister of Commerce, Industry and Tourism Antonis Paschalides and Libyan Minister of Petroleum Shokri Ghanem hold a meeting here today and discussed ways to enhance cooperation between Cyprus and Libya, especially in the fields of energy and investments.

Speaking after the meeting, Ghanem stated that they discussed the possibility of Libya’s participation in the Cyprus Energy Center, in the supply of Cyprus with natural gas and in investing in the energy sector in Cyprus by taking part in the next round of researches for hydrocarbon reserves in Cyprus’ Exclusive Economic Zone.

The Libyan Minister expressed the belief that this is going to lead to increased and tighter commercial connection and relations between the two countries, pointing out however that towards this direction there’s a need for meeting between businessmen of the two countries and the Chambers of Commerce.

Ghanem invited Paschalides to visit Libya, in order to continue, as he said, their fruitful discussions.

Cyprus Minister of Commerce stated that during the meeting the great prospects of enhancing cooperation between the two countries in the fields of energy, commerce and investments have been confirmed.

Paschalides also said that they discussed the possibility of establishing direct flights from Cyprus to Libya. Finally, he expressed hope to visit Libya soon.

After the meeting with Cyprus Minister, Ghanem was received by President of the Republic of Cyprus Demetris Christofias at the Presidential Palace.