It was reported that an up to date plan is predicted to be offered for the event of the Aphrodite area throughout the so-called “Unique Financial Zone” (EEZ) of Southern Cyprus and making it appropriate for manufacturing. The report within the Fileleftheros newspaper acknowledged that an up to date plan was ready by “Chevron”, “BG Cyprus” (Shell) and “NewMed Vitality Partnership”, which have a say within the Aphrodite area, and that this plan is able to be offered to the Greek Cypriot Administration. Based on the report, it was famous that the Ministry of Vitality of Southern Cyprus despatched a letter to Chevron on August 25 stating that the phrases of the contract revised in 2019 had been violated and that the three corporations ought to remove the contract violation inside three months.
The newspaper wrote that the letter acknowledged that if the violations weren’t eradicated, Southern Cyprus would have the fitting to complain in regards to the “Manufacturing Sharing Settlement”, and that there was additionally the opportunity of the drilling license being cancelled. The information reported that this growth was a critical one and that the events had revealed the difficulties in implementing the settlement, which was revised in 2019.
