Energy

Energy Minister George Papanastasiou praised on Saturday the development surrounding EuroAsia Interconnector that has seen Greece’s Independent Power Transmission Operator (IPTO) appointed as the implementation body and project promoter. ...

DP World Limassol, the port management company of Limassol port, is positioning itself as the ideal service centre for the region’s burgeoning oil and gas operations, according to CEO ...

Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar’s 200,000-barrel-per-day Turkish STAR refinery to process ...

The Laona foundation said on Friday it was completely opposed to a tyre burning facility in Ypsonas, or anywhere else in the country, citing a negative footprint on the energy ...

Minister of Energy, Commerce, and Industry George Papastasiou on Friday, while speaking at the Limassol Economic Forum, highlighted the significant issues facing the energy sector in Cyprus, considering both the ...

Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports ...

Oil prices inched up on Thursday, clawing back some of the previous session’s big losses after an OPEC+ panel maintained oil output cuts to keep supply tight, though an ...

Russian energy giant Gazprom (GAZP.MM) said on Tuesday that Europe, which used to be its main source of revenue, is short of natural gas and may face challenges, more ...

A top Emirati oil executive said on Monday that more than 20 oil and gas companies were rallying around his calls to curb carbon emissions ahead of a United Nations summit ...

Europe’s solar power industry has warned policymakers not to impose tariffs on imports, amid fears that disrupting supplies of products from China would seriously damage Europe’s ability to ...

Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute ...

Worries also raised about ecosystem near the private facility that would create electricity from natural gas Construction at the first private power station in Cyprus has come to a halt, ...

Cyprus experienced a 2.3 per cent increase in total petroleum sales in August 2023 compared to the same month in 2022, reaching a total of 124,832 tons, according to a report released this week ...

Oil Profit, an emerging technology that combines quantum computing and artificial intelligence, has gained significant attention in recent years. Its potential to revolutionize the financial industry is undeniable, but it ...

Russia said on Sept. 21 it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade ...

By 2025 the state-run entity managing minimum oil stocks will have self-owned storage facilities, Energy Minister George Papanastasiou said on Monday. Currently Kodap (Organisation for the Storage and Management of Oil ...

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that ...

Europe is set for a recession and we must have a strong economy to combat it, Trade and Energy Minister Giorgos Papanastasiou told CyBC on Friday. His warning came when ...

Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed fears that further US interest rate hikes could dent demand, but ...

Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits – a dynamic that could spell tight supply ...

Oil prices fell by more than $1 on Wednesday ahead of the US Federal Reserve’s interest rate decision, with investors uncertain when peak rates will be hit and how much ...

At least $14.3 million worth of coal produced in areas of Ukraine annexed by Russia has been exported to NATO member Turkey this year, according to Russian customs data reviewed by ...

The ‘photovoltaics for all’ plan will start operating in two months, Energy Minister George Papanastasiou said on Monday. Speaking to CyBC in the morning, Papanastasiou said that funds from the ...

Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and ...