Saudi Aramco shows interest in Cyprus EEZ

Cyprus said on Thursday that Saudi Arabian oil company Saudi Aramco has expressed a business interest in its exclusive economic zone (EEZ).

According to a government press release, the representatives of Saudi Aramco conveyed their interest in doing business in Cyprus's EEZ during their meeting this week with Energy Minister Giorgos Lakkotrypis in Riyadh.

During the meeting, which was held on the sidelines of a visit to the Saudi capital by a Cypriot delegation led by President Nicos Anastasiades, the two sides agreed to explore new ways of cooperation.

The government press release said that the Saudis expressed their interests mainly because they highly rate the stability Cyprus affords as an EU member state with prospects of becoming an energy center.

Referring to the results of his visit this week to Riyadh, Anastasiades hailed what he described as the...