Why Is Nobel, A Cyprus Gas Partner, Facing Debt Problems?

Why Is Nobel, A Cyprus Gas Partner, Facing Debt Problems?

Back in October 2008, Nobel Energy received the concession in South Cyprus to explore the Aphrodites Field in Block 12 off the Cyprus Coast. By 2011 this had resulted in exploratory drilling with claims of vast stores of gas but with no clear idea how this could be transported commercially. [Wikipedia]

Then the price […]

How Will Post Settlement Cyprus Property Compensation Work?

How Will Post Settlement Cyprus Property Compensation Work?

One of the problems in Cyprus which will have to be faced in deciding compensation for property occupied by other than the person claiming ownership, is the validity of the title deed produced on both sides to prove ownership.

In theory, property occupied in the north that has TRNC ‘exchange’ title deeds (Esdeger) should […]

The Two Cyprus Presidents Shook Hands And Asked For Money

The two Cyprus Presidents, Nikos Anastiades and Mustafa Akinci, appeared before government leaders at Davos and shook hands and then asked for money from the international community. A deal has not been reached, and difficult issues remain over territory, property and compensation.

President Anastasiades said a settlement would require billions of euros in international […]