Since 1970
Call us: +357 (24) 822 870 // www.palourtis.com

Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... read more

  • 29 August 2019 Cyprus real estate market review 2018

    In its annual Cyprus real estate market review, PwC reports that the... read more

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... read more

  • 29 August 2019 Cyprus real estate market review 2018

    In its annual Cyprus real estate market review, PwC reports that the... read more

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

Great game with Exxon Mobil of the US Foreign Cypriot deposits

   
New data generated in the Cyprus Exclusive Economic Zone after yesterday's decisions of the Cabinet to begin negotiations of award coveted piece "10" in the consortium Exxon Mobil-Qatar Petroleum. 

New data also for the "6" piece that goes in EMI-Total consortium and which creates problems Turkey. The piece "8" go to EMI. 

The fact that the head of Exxon Mobil will be the new US Secretary of the distinctive and interesting for J. Licensing Round French President, Francois Hollande, in the pre-day visit to Cyprus and the preceding whirlwind of head of EMI in Nicosia, and outline the importance of energy developments in the Cyprus EEZ.
 
Strong competition for temachio- "fillet" emerged as the "10" strengthens the negotiating position of the three ministers, Energy, Finance and Labour, which yesterday authorized the Ministers to conduct negotiations.

The head of Exxon Mobil Cyprus, revealed yesterday the "F" that the negotiation team of the consortium of the two giants, which include Cypriots are ready to come to Cyprus just set the first date Energy Minister.

The criterion of "aggressive" program was important inter alia for ratings and it is clear that on the basis and the notice must be expected significant activity of rigs the next three years in the Cypriot EEZ.

The attention is turned to the "10", however, yesterday's decisions of the Cabinet is significant in relation to the "6", for which there is not much seismographic result of operations by the Turkish frigate approached whenever there seismographic -Now we will see conduct the common activity there of EMI-Total.
 
Also important is the "8", which is awarded to EMI because geological synergies with "9", which already owns and opens new possibilities.
 
Icing on the cake of yesterday's decision, almost € 100 million. Expected to be received by the Finance Minister in total as a bonus to the expected signatures of the three contracts at the end of January.
More in the current sheet "Phileleftheros"