ExxonMobil, Qatar sign Cyprus gas deal

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Al-Araby

US giant ExxonMobil and Qatar Energy signed a contract Friday for oil and gas exploration and production-sharing off the divided island of Cyprus despite Turkey’s opposition to the deal. Cypriot Energy Minister Natasa Pilides, Varnavas Theodosiou, CEO of ExxonMobil Cyprus, and Ali al-Mana, director of Qatar Energy’s International Upstream and Exploration, signed the contract in Nicosia. It is the second gas exploration contract that the consortium has signed for Block 5 in the island’s Exclusive Economic Zone (EEZ). In February 2019, the consortium discovered a huge natural gas reserve off Cyp…

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