The ExxonMobil and Qatar Energy consortium commenced with drilling for natural gas entering Block 5 of Cyprus‘ Exclusive Economic Zone (EEZ) on Friday, January 24.
The first photos were published by the President of the Republic of Cyprus, Nikos Christodoulides on his X (former Twitter) account, this morning. Christodoulides announced Cyprus’ intentions to progress with its exploration activities, aiming to become an alternative and reliable source of natural gas for the EU.
Cyprus recently issued a Navigational telex (Navtex) concerning the commencement of drilling at the “Electra” target in Block 5 of the Cypriot EEZ.
The Navtex which came into effect on January 19 will be valid until June 19, 2025. As reported, operations will be carried out by the drilling ship VALARIS DS-9.
In a statement to the Cyprus News Agency, Cyprus‘ Minister of Energy, Commerce, and Industry, George Papanastasiou, confirmed that the VALARIS DS-9 drilling rig has arrived in Block 5 of Cyprus’ Exclusive Economic Zone.
He further clarified that the issued Navtex pertains to drilling operations in the area, specifically targeting the “Electra” prospect.
Despite expected reactions from Turkey following issues Ankara had raised related to potential drilling in Cyprus’ EEZ, this time it has stated that the drilling location does not fall within an area affecting its rights, adding however that it is closely monitoring the situation.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Meloni and Trump Meet in Washington, Vow to Strengthen Western Ties
“I am 100% sure there will be no problems reaching a deal on tariffs with the EU—none whatsoever,” Trump stressed.
ECB Cuts Interest Rates by 25 Basis Points in Expected Move
The ECB’s Governing Council opted to lower the deposit facility rate—the benchmark for signaling monetary policy direction—citing an updated assessment of inflation prospects, the dynamics of underlying inflation, and the strength of monetary policy transmission.
Current Account Deficit Fell by €573.2ml Feb. 2025: BoG
The improvement of Greece’s current account was mainly attributed to a more robust balance of goods and, to a lesser extent, an improved primary income account
Hellenic Food Authority Issues Food Safety Tips for Easter
Food safety tips on how to make sure your lamb has been properly inspected and your eggs stay fresh.
Greek Kiwifruit Exports Smash 200,000-Ton Mark, Setting New Record
According to data by the Association of Greek Fruit, Vegetable and Juice Exporters, Incofruit Hellas, between September 1, 2024, and April 17, 2025, kiwifruit exports increased by 14.2%.
Easter Tourism Boom: Greece Sees 18.3% Surge in Hotel Bookings
Among foreign markets, Israel has emerged as the biggest growth driver, with hotel bookings more than doubling—up 178.5% year-on-year.
Greece to Launch Fast-Track Tender for Offshore Hydrocarbon Exploration
Last week, Papastavrou signed the acceptance of interest for the two Cretan blocks, while similar decisions regarding the two Ionian Sea blocks were signed by his predecessor
American-Hellenic Chamber of Commerce to Open Washington D.C. Branch
AmCham's new office aims aims to deepen U.S.-Greece economic ties and promote investment and innovation between the two countries
Why Greece’s New Maritime Spatial Plan Is a Geopolitical Game-Changer
This landmark development is more than just a bureaucratic step — it's a strategic declaration about how Greece intends to use, protect, and assert control over its seas
Eurozone Inflation Eases to 2.2% in March
Compared to February, inflation decreased in 16 member states, remained unchanged in one, and rose in ten.
![Πλημμύρες: Σημειώθηκαν σε επίπεδα ρεκόρ στην Ευρώπη το 2024 [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/FLOOD_HUNGRY-90x90.jpg)
![Airbnb: Πτωτικά κινήθηκε η ζήτηση τον Μάρτιο – Τι δείχνουν τα στοιχεία [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/07/airbnb-gba8e58468_1280-1-90x90.jpg)
![Airbnb: Πτωτικά κινήθηκε η ζήτηση τον Μάρτιο – Τι δείχνουν τα στοιχεία [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/07/airbnb-gba8e58468_1280-1-600x500.jpg)
