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ECONOMY

Saudi Aramco Expresses Interest to Do Business in Cyprus’ EEZ

Saudi Aramco Expresses Interest to Do Business in Cyprus’ EEZ

Saudi Arabian oil company Saudi Aramco has expressed interest to do business in Cyprus’ Exclusive Economic Zone, according to a PIO press release.

It is noted that on the sidelines of President Anastasiades’ official visit to Saudi Arabia, Energy Minister George Lakkotrypis held contacts with officials of the Saudi Ministries of Energy and Tourism as well as with officials of Saudi Aramco, a worldwide giant on oil.

According to PIO, during the meeting, the Saudi Aramco representatives expressed interest to do business in Cyprus' EEZ, mainly because of the stability of Cyprus as an EU member state as well as its geology and perspectives as an energy centre. The two sides agreed to continue the dialogue and explore the most appropriate ways to cooperate.

At the meeting with top ranking officials of the Saudi Energy Ministry both sides expressed will for closer contacts between Cypriot and Saudi businessmen.

At the meeting with Tourism Ministry officials, both sides expressed will to further develop relations between the two countries on this sector.

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