The Council of Ministers approved on Wednesday the licensing of block 5 of the Cyprus EEZ to the of ExxonMobil Exploration and Production Cyprus Limited and Qatar Petroleum International Upstream LLC consortium.
In statements after the Cabinet meeting, Energy, Commerce and Industry Minister Natasa Pilides said ExxonMobil will be the operator with a 60% participation while Qatar Petroleum International Upstream O.P.
Source: Cyprus News Agency