The first Licensing Round Offshore Cyprus to grant licences to explore and develop hydrocarbon deposits began formally.An official press release, issued today, says that ”the Licensing Round is based on the PGS MC2D CYP – 2006 acquisition, which involved 6,770 line-km of seismic data covering an area of approximately 70,000 sq. km over the Eratosthenes
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Cyprus Foreign Minister George Lillikas departs tomorrow for Slovenia for a two-day official visit for discussions on EU-Turkey relations, the future of the European Union and other issues of mutual concern.During his stay at the Slovenian Capital, Ljubljana, Lillikas will meet with his Slovenian counterpart Dimitrij Rupel and will be received by Slovenia‘s President Janez
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Cyprus and Greece signed here today a memorandum renewing their partnership, covering a total of 29 sports, for 2007.The memorandum was signed by Greece‘s Deputy Minister of Culture, responsible for sports George Orphanos and by Cyprus Sport Organization Vice President Rikos Theocharides.Orphanos described the memorandum as ”strongly expanded and aggressively developmental,” adding that this would
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Ocean Tankers Holdings Public Company Limited announced that on March 1, 2007 it will proceed with the signing of contracts for two additional new-fangled double-inner side tankers of 12,800 tons (its is noted that the capacity of the two new tankers is threefold than the capacity of the two new-flanged tankers that will be received
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The Cyprus Telecommunications Authority (CYTA) and Mediterranean Nautilus Ltd, have signed an agreement for the construction of a new undersea communications ring from Cyprus to Sicily, with the name “Minerva Systemâ€. The Minerva System will introduce a ring to Cyprus by adding a branching unit and a new segment to the MedNautilus main system in
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Private telecom and multi-media provider PrimeTel has implemented a new layer of network, using SDH technology, that runs on STM-16 level and it is capable of 2.5Gbps speed. Using their existing nationwide fibre-optic infrastructure, PrimeTel is the first privately owned alternative telecommunications carrier in Cyprus to use the SDH Network technology. PrimeTel’s SDH network currently
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The European Commission has invited individual companies or joint ventures from EU member states to express interest for the rehabilitation of the former U.S.-owned Cyprus Mining Corporation (CMC) mining and ore processing sites in the Lefka region in the Turkish occupied north. The abandoned facilities have over the years caused extensive harm to the environment
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Local and foreign investors swamped the Central Bank of Cyprus with CYP 515 mln worth of applications to buy Cyprus bonds during the multiple bond auctions held yesterday as the rush to lock in at higher yielding paper intensified on the same day that Cyprus formally applied to join the eurozone. “It’s probably one of
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Ocean Tankers Holdings Public Company Ltd., the first ocean-going maritime company to list on the CSE last December, has signed a contract valued at USD 21 mln for the delivery of a pair of newbuild chemical tankers from China’s Yangzhou Kejin Shipyard Co Ltd. The official signing ceremony took place at the Cyprus Marine Club
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Cyprus will kick off its first international offshore bidding round for 11 southern exploration blocks for liquefied natural gas (LNG) on Thursday, as representatives of international oil exploration companies will convene in Nicosia to hear government officials release details and technical specifications. The event will start with official speeches, followed by technical presentations by experts
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