By Hussein Sayed, Chief Market Strategist at FXTM This week has kicked off with a new precedent. It isn’t the volatile performance
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Cyprus Electricity Authority (EAC) customer service centres will remain closed to the public until April 16 while moving all services provided by the power utility online. EAC’s announcement follows the government decision to place the country in lockdown as of
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By Mona Sukkarieh The coronavirus pandemic has rattled global oil markets in unprecedented ways. First, the failure of OPEC+ to agree on a collective response to the crisis early March drove a
By Hussein Sayed, Chief Market Strategist at FXTM This week has kicked off with a new precedent. It isn’t the volatile performance of stocks, bonds, or currencies that are grabbing all the
Cyprus Electricity Authority (EAC) customer service centres will remain closed to the public until April 16 while moving all services provided by the power utility online. EAC’s announcement follows the government decision
Cyprus’ Electricity Authority said it will apply a 10% discount on energy bills for two months, to help households and businesses hit by COVID-19. The discount was approved by the Cyprus Energy
Greece’s Energean Oil & Gas — which is building a portfolio of mostly gas-focused Mediterranean assets — is keen to join Cyprus’ energy search, its CEO Mathios Rigas told S&P Global Platts.
After a 15-year absence from the international exploration scene, Greece made an impressive comeback with the introduction of a new legal and regulatory framework for hydrocarbon exploration and production in 2011, with
While Cyprus is desperate to produce clean energy, one of the island’s biggest and most technologically advanced RES projects has been tangled in government red tape for the past six years. The
Two senior officials of the Turkish Petroleum Corporation (TPAO), Mehmet Ferruh Akalin and Ali Coscun Namoglu, are on the EU sanctions list for Turkey illegally drilling within Cyprus’ Exclusive Economic Zone. The restrictive
Greek firm Energean is to acquire Total’s stake in Block 2, offshore Western Greece, providing further exploration opportunities in its core area of the Eastern Mediterranean with limited financial exposure. The Israel
Construction of a 50 MW solar park in Alassa, Limassol is ready to launch once the legal services study the agreement between the consortium and the state, allowing the government to issue
