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Summary | Profile

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

28 Feb 19
Cyprus: ExxonMobil makes natural gas discovery offshore Cyprus
ExxonMobil has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well in Block 10. Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approx. 5 trillion to 8 trillion cubic feet.
19 Sep 18
Cyprus and Egypt ink deal for subsea gas pipeline
Europe stands to gain from an agreement Egypt is set to sign with the Mediterranean island nation of Cyprus to pipe offshore natural gas to processing plants in the north African country where it will be liquefied for export, Egypt’s oil minister said.
25 Feb 18
Cyprus accuses Turkey of blocking ship again in gas exploration standoff
Cyprus accused Turkey on Friday of threatening to use force against a drillship chartered by Italy’s Eni, in a standoff over hydrocarbons rights in the eastern Mediterranean.
08 Feb 18
Cyprus: Eni announces gas discovery offshore Cyprus
Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The well, which was drilled to a total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age and confirms the extension of the 'Zohr like' play in the Cyprus Exclusive Economic Zone (EEZ).
07 Nov 17
Cyprus president says Total and Eni to start drilling Block 6 by early 2018
French oil and gas group Total and Italy’s Eni plan to start drilling in a joint exploration block off the coast of Cyprus by the end of this year or early 2018, according to President Nicos Anastasiades.

Cyprus - more news

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