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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

01 May 24
Cyprus: Eni CEO meets with President of the Republic of Cyprus Nikos Christodoulides to discuss Eni’s activities and future projects in the Country
The President of the Republic of Cyprus Nikos Christodoulides and Eni Chief Executive Officer Claudio Descalzi met in Nicosia to discuss Eni’s activities and future projects in the Country. In particular, President Christodoulides and Eni CEO reviewed the discoveries made in 2022 by Eni and its partner TotalEnergies,of Cronos and Zeus which led to the drilling of Cronos 2 appraisal well in late 2023.
15 Feb 24
Cyprus: Eni confirms the extension and excellent well deliverability of Cronos gas discovery offshore Cyprus
Eni has announced the successful completion of the Cronos-2 well, drilled to appraise the Cronos discovery in Block 6, offshore Cyprus, in August 2022. The production test allowed for the estimation of a well production capacity in excess of 150 MMSCFD in production configuration and is instrumental in progressing with the studies to select the best fast-track development option.
15 Jun 23
Cyprus: PGS releases final Cyprus Vision data
PGS’ Cyprus Vision final products deliver advanced seismic imaging that enables the evaluation of opportunities in Cyprus EEZ, in a single volume of contiguous, KPSDM depth data. The project was carried out in partnership with the Cypriot Ministry for Energy, Commerce and Industry.
31 May 23
NewMed Energy reports further progress towards development of Aphrodite discovery in Cyprus
NewMed Energy reports that the partners in the Aphrodite reservoir (NewMed Energy, Chevron, Shell) have submitted an updated plan for development of the reservoir for the Cypriot government’s approval. Production and processing of the natural gas from the reservoir will be carried out via a subsea pipeline which will be connected to an existing processing and production facility in Egypt.
20 Mar 23
Cyprus: BorchWix Energy Advisors win Service Contract for the provision of Subsurface Advisory Services to Cyprus Hydrocarbons Company
BorchWix Energy Advisors have announced the award of a two-year contract for the provision of Oil and Gas Subsurface Advisory services to Cyprus Hydrocarbon Company. The award follows the BWEA led Consortium winning an open competitive tender procedure. BWEA will be working with Consortium partner company Badley Ashton & Associates to deliver the wide-ranging contract scope which covers exploration, appraisal, and field development activities.

Cyprus - more news

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