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Cyprus gives green light for second oil and gas licensing round in Eastern Med
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The second round will include eleven so-called blocks stretching from the south west to the south east of the island 14:45 THE cabinet on Wednesday gave the go-ahead for the second round of offshore oil and gas exploration, authorising the trade and industry minister to prepare the ground for the official announcement.
“After today’s decision to start the second round of licensing, the government once more stresses its determination to exercise its sovereign rights in the Republic of Cyprus’ exclusive economic zone, always according to international law,” government spokesman Stefanos Stefanou said.
The second round will include 12 so-called blocks stretching from the south west to the south east of the island.
