Contact details:
Ministry of
Energy, Commerce, Industry & Tourism
6 Andreas Araouzos str.,
1421 Nicosia, Cyprus
W: www.mcit.gov.cy
Dr Stelios Nicolaides
Acting Director
Hydrocarbons Service
T: +357 22 409310
E: [email protected]
Hydrocarbons Service
One of the main tasks of the Hydrocarbons Service is monitoring the offshore activities and the
infrastructure required, including the Energy Centre at the Vasilliko area and in particular those
relating to the creation of a Liquefied Natural Gas Plant, with a view to sale gas to international
markets. In addition, the Hydrocarbons Service is monitoring closely the implementation of the
Exploration and Production Sharing Contracts with the licensed companies, in order to
safeguard the interests and maximize the benefit to the government.
The major objectives of the Hydrocarbons Service are the following:
The hydrocarbons operations shall focus on ensuring a reasonable and sustainable
exploitation of the hydrocarbons resources in order to maximize the state revenues from the
natural resources at a long term period for the benefit of Cyprus and its future generations.
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The contribution of the new emerging oil and gas industry in Cyprus to the creation of new
jobs throughout the entire industry chain, thereby boosting the economic recovery of the
country, helping further transform Cyprus into a knowledge-based economy.
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Being a full Member State of the European Union, Cyprus aims at utilizing its hydrocarbon
resources and building the necessary infrastructures for enhancing the security of energy
supply of the European Union.
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Contribute towards the transformation of the eastern Mediterranean region into an area of
sustainable and balanced economic development by enhancing political stability and improving
bilateral relationships building on synergies emerging from the exploitation of hydrocarbons in
the region.
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Transform Cyprus into an energy centre in the eastern Mediterranean region.
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