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
| 28 Oct 26 |
Cyprus: Baker Hughes wins significant subsea production systems and services award for Eni’s Cronos gas development Baker Hughes, an energy technology company, announced Wednesday a significant contract from Eni to provide subsea production systems and services for its deepwater Cronos gas development offshore Cyprus. |
| 27 Oct 26 |
Cyprus/Ghana: Saipem awarded two new offshore drilling contracts with a total value of approx. USD 121 million Saipem has been awarded two new offshore drilling contracts with a total value of approx. USD 121 million. |
| 27 Oct 26 |
Cyprus: Eni launches the execution phase of the Cronos project Eni has signed the main engineering, procurement, construction and drilling contracts for the development of the Cronos Project, marking the start of the project's execution phase and a key milestone towards the monetization of Cyprus' first gas development. |
| 15 Sep 26 |
Cyprus: Halliburton awarded bundled deepwater well construction and completions contract Halliburton has secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development in Block 6 of the Cyprus Exclusive Economic Zone. The award strengthens Halliburton’s offshore portfolio in the Eastern Mediterranean and expands the company’s role in the region’s strategic natural gas development. |
| 08 Sep 26 |
Cyprus: McDermott awarded subsea contract for Cronos development in Cyprus McDermott has been awarded a substantial subsea contract by Eni Cyprus for the Cronos gas field development offshore Cyprus, marking McDermott's first subsea project award with Eni and expanding the company's presence in the Eastern Mediterranean region. |
Cyprus - more news
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