Europe / Caspian / CIS
Country profile: Cyprus
| Location: | Middle East, island in the Mediterranean Sea, south of Turkey |
| Climate: | temperate; Mediterranean with hot, dry summers and cool winters |
| Terrain: | central plain with mountains to north and south; scattered but significant plains along southern coast |
| Size: | 9250 sq. km total (Land area: 9240 sq. km Water area: 10 sq.km) |
| Population: | 792,604 (July 2008 est.) |
| Languages: | Greek, Turkish, English |
| Government: | republic |
| Capital city: | Nicosia (Lefkosia) |
| Legal system: | based on English common law, with civil law modifications; accepts compulsory ICJ jurisdiction, with reservations |
| Currency: | euro (EUR) |
| Licensing: |
Country profile
A former British colony, Cyprus became independent in 1960 following years of resistance to British rule. Tensions between the Greek Cypriot majority and Turkish Cypriot minority came to a head in December 1963, when violence broke out in the capital of Nicosia. Despite the deployment of UN peacekeepers in 1964, sporadic intercommunal violence continued forcing most Turkish Cypriots into enclaves throughout the island. In 1974, a Greek Government-sponsored attempt to seize control of Cyprus was met by military intervention from Turkey, which soon controlled more than a third of the island. In 1983, the Turkish-held area declared itself the "Turkish Republic of Northern Cyprus" (TRNC), but it is recognized only by Turkey.
The latest two-year round of UN-brokered talks - between the leaders of the Greek Cypriot and Turkish Cypriot communities to reach an agreement to reunite the divided island - ended when the Greek Cypriots rejected the UN settlement plan in an April 2004 referendum. The entire island entered the EU on 1 May 2004, although the EU acquis - the body of common rights and obligations - applies only to the areas under direct government control, and is suspended in the areas administered by Turkish Cypriots.
However, individual Turkish Cypriots able to document their eligibility for Republic of Cyprus citizenship legally enjoy the same rights accorded to other citizens of European Union states. The election of a new Cypriot president in 2008 served as the impetus for the UN to encourage both the Turkish and Cypriot Governments to reopen unification negotiations.
Energy production and consumption
| Oil | Gas | |
| Production: | 300 bbl/day (2005 est.) | |
| Consumption: | 56,000 bbl/day (2005 est.) | |
| Exports: | ||
| Imports: | 51,640 bbl/day (2005 est.) | |
| Reserves: | ||
| Major fields: |
Cyprus - recent news
| 31 Jul 26 |
Cyprus: Shell agrees to sell BG Cyprus to MOL Group for up to $720 million Shell has reached an agreement to sell its 100%-owned subsidiary BG Cyprus Ltd. to MOL Group for up to $720 million. BG Cyprus holds a 35% non-operated interest in the Cyprus Offshore Block 12, containing the Aphrodite gas field in the eastern Mediterranean. |
| 28 Jul 26 |
Cyprus: TotalEnergies approves the development of the Cronos gas field to supply Europe with LNG TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision (FID) for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024. |
| 21 May 26 |
QatarEnergy signs MoU for gas cooperation with Egypt in the Eastern Mediterranean QatarEnergy signed a Memorandum of Understanding (MoU) with the Government of the Arab Republic of Egypt and ExxonMobil to study enabling the potential development and commercialization of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure. |
| 12 Apr 26 |
Cyprus: NewMed Energy announces initialing of a term sheet for the sale of all recoverable natural gas from Cyprus’s Aphrodite Reservoir to EGAS NewMed Energy announced that a term sheet has been initialled for the sale of all recoverable natural gas from Cyprus’s Aphrodite reservoir, in Block 12, offshore Cyprus, to Egypt’s state gas company EGAS, alongside a host government agreement (HGA) covering a new offshore transmission project. |
| 13 Mar 26 |
Cyprus: Worley selected by Chevron Cyprus for Aphrodite Gas Field Development FEED Worley has been selected by Chevron Cyprus Limited (a subsidiary of Chevron Corporation) to provide Front-End Engineering Design (FEED) and procurement services for the Aphrodite Field Development Project, located offshore Cyprus in the Eastern Mediterranean. |
Cyprus - more news
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