North Cyprus News | Online News for North Cyprus

TRNC Renews Contract to Search for Gas Offshore

TRNC Renews Contract to Search for Gas Offshore

February 22
11:45 2018

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.

Kibris