Saudi Arabia’s state-owned energy corporation, Saudi Aramco, has highlighted the huge earnings made by gas and oil-rich nations during the energy crisis after reporting revenues of $48.4 billion in the third quarter,
Businesses are urging authorities to quicken Cyprus’ transition to a greener economy to fight back against the rising energy costs. The Cyprus Federation of Employers and Industrialists (OEB) has forwarded five proposals
Cyprus Finance Minister Constantinos Petrides has warned opposition parties not to draw comparisons between Germany’s EU request for a VAT exemption on a new consumer levy on energy produced by gas and
Cypriot motorists have got a respite from rising pump prices, as petrol and diesel fell by 17 and 11 cents per litre, respectively, compared to a month ago, as crude oil is
Consumers who believe their electricity bill is inexcusably high due to possible meter reading deviations can submit a complaint to be reviewed by onsite inspectors or remote investigation at the Electricity Authority
Nicosia and Athens were relieved at Turkey President Recep Tayyip Erdogan’s decision to send its largest drilling vessel, the Abdulhamid Han, to Turkish waters off the island’s northern coast, 55 kilometres from
A decision on whether producers of Renewable Energy Sources (RES) have made excess profits due to the unexpected electricity price increase will be taken early next year. Finance Ministry Permanent Secretary Giorgos
The departure of Turkey’s Abdulhamid Han drilling vessel for the Eastern Mediterranean has alerted Nicosia, with officials waiting for Turkey’s President Recep Tayyip Erdogan to announce the ship’s destination. In a tension-raising
The EU’s energy model must change to focus on renewable energy, expanding green energy infrastructure, and improving interconnections said European Parliament President Roberta Metsola. She told the newspaper Phileleftheros: “We definitely need
While Cyprus is expected to pay more than €100 mln in fines for emissions released by its power plants, the Electricity Authority of Cyprus has come under scrutiny over failing filter systems
