Cyprus’ government has reached a deal to revise the contract with US-based company Noble Energy and its joint venture partners, Israel’s Delek Group and Royal Dutch Shell to develop the Aphrodite gas field, Cyprus media reported. Hydrocarbons Company CEO Charles Ellinas told New Europe on May 31 the deal reached between Cyprus’ government and the Aphrodite gas field stakeholders to modify the Production Sharing Contract (PSC) means that Cyprus will be able to monetise Aphrodite. He stressed that...

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