QatarEnergy signs energy exploration agreement with Cyprus
Qatar is pursuing energy deals with Cyprus against the wishes of its ally Turkey.
Qatar’s state-owned oil company signed an offshore energy exploration agreement today with the government of the Republic of Cyprus.
A group of "comprising affiliates” of QatarEnergy along with US energy giant ExxonMobil signed the agreement with Cyprus. The deal pertains to energy exploration and production sharing in the Block 5 maritime area southwest of Cyprus in the Mediterranean Sea, the official Qatar News Agency reported.
This is the second time QatarEnergy has entered into an energy-related agreement with the Cypriot government. They inked a similar deal in 2017 after finding gas in an offshore field in 2019, according to the agency.
The deal followed the Cypriot government awarding exploration rights to QatarEnergy and ExxonMobil last week.
