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TRNC Renews Contract to Search for Gas Offshore

The agreement between the TRNC and the Turkish Petroleum Corporation (TPAO) to conduct searches for hydrocarbons offshore Cyprus by TPAO, has been renewed for a further six years by the Council of Ministers.

This was among other decisions taken by the Cabinet which included the approval of the budget which is envisaged to be 5 billion 815 million TL.

Discussions on the budget will take place at the Assembly this week.


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