Cyprus has procured licensing for prospecting, exploration and exploitation over its hydrocarbons reserves within its exclusive economic zone. Exploration for oil and gas offshore the Republic of Cyprus is certainly in a developing phase and the opportunity for involvement is currently at its highest levels. A considerable amount of geophysical data that is publicly available, the stable business and political environment and the tax efficiencies (zero taxation on revenues from offshore hydrocarbon exploitation) result in Cyprus becoming a jurisdiction attracting worldwide interest in the energy industry.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.