{"id":15515,"date":"2011-09-15T10:12:43","date_gmt":"2011-09-15T08:12:43","guid":{"rendered":"https:\/\/mamchenkov.net\/wordpress\/?p=15515"},"modified":"2011-09-15T10:12:43","modified_gmt":"2011-09-15T08:12:43","slug":"is-cyprus-ready-for-the-oil-and-gas-exploration","status":"publish","type":"post","link":"https:\/\/mamchenkov.net\/wordpress\/2011\/09\/15\/is-cyprus-ready-for-the-oil-and-gas-exploration\/","title":{"rendered":"Is Cyprus ready for the oil and gas exploration?"},"content":{"rendered":"\n

Cyprus Mail reports that “President will not be put off drilling for gas<\/a>“:<\/p>\n

“We have decided that Noble Energy will proceed in the forthcoming period with the exploratory drilling to find out the quantity and the quality of hydrocarbons,” he said.<\/p>\n

The president added that drilling would provide clear evidence of whether potential deposits exist, something for which geological surveys have shown “the probability is very high”.<\/p>\n

Christofias highlighted it was Cyprus’ sovereign right, based on international law and the Law of the Sea, to start gas exploration in its EEZ, underlining that “all our decisions and actions so far, stem from international law and strictly fall into this parameter”.<\/p><\/blockquote>\n

Given how the President handled the Mari naval base explosion, I wouldn’t trust the guy with the keys to my car, let alone drilling for gas. \u00a0I mean, I am for Cyprus benefiting from these resources and all. \u00a0But a project like that is legally, technically, financially, and politically huge. \u00a0Someone has to organize and manage that. \u00a0And current President haven’t shown any particular talent in managing anything yet. \u00a0Even of a much smaller and simpler scale. \u00a0The potential for disaster is huge here, and I don’t think Cyprus needs another one of those. \u00a0Not now, not ever.<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Cyprus Mail reports that “President will not be put off drilling for gas“: “We have decided that Noble Energy will proceed in the forthcoming period with the exploratory drilling to find out the quantity and the quality of hydrocarbons,” he said. The president added that drilling would provide clear evidence of whether potential deposits exist, … Continue reading Is Cyprus ready for the oil and gas exploration?<\/span><\/a><\/p>\n\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_links_to":"","_links_to_target":""},"categories":[1,22],"tags":[1447],"keyring_services":[],"class_list":["post-15515","post","type-post","status-publish","format-standard","hentry","category-general","category-cyprus","tag-energy"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":15495,"url":"https:\/\/mamchenkov.net\/wordpress\/2011\/09\/12\/cyprus-crude-oil-production-by-year\/","url_meta":{"origin":15515,"position":0},"title":"Cyprus crude oil production by year","author":"Leonid Mamchenkov","date":"September 12, 2011","format":false,"excerpt":"All the recent hype about oil and gas reserved discovery and exploration off the shores of Cyprus got me digging into the subject. \u00a0 Here is one of the first graphs I found, which helps so much in understanding the current state of affairs. \u00a0Courtesy of Index Mundi website. Just\u2026","rel":"","context":"In "All"","block_context":{"text":"All","link":"https:\/\/mamchenkov.net\/wordpress\/category\/general\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/mamchenkov.net\/wordpress\/wp-content\/uploads\/2011\/09\/cyprus_oil_production-500x247.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":18096,"url":"https:\/\/mamchenkov.net\/wordpress\/2013\/04\/27\/shipping-to-save-cyprus-president-says\/","url_meta":{"origin":15515,"position":1},"title":"Shipping to save Cyprus, President says","author":"Leonid Mamchenkov","date":"April 27, 2013","format":false,"excerpt":"Cyprus Mail reports: PRESIDENT Nicos Anastasiades yesterday invited the shipping sector to play a leading role in the recovery of the economy. 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