President Anastasiades received the Executive Director of ENI

President Anastasiades received the Executive Director of ENI

The President of the Republic of Cyprus, Nicos Anastasiades, received today, at the Presidential Palace, the Executive Director of the ENI, Claudio Descalzi.

After the meeting, Descalzi told reporters, among other things, that “we had a very constructive discussion with the President”, adding that “until now we have invested some EUR 700 million in Cyprus and that means we have a strong commitment to the country . We have many other activities for which we are committed”.

He added that during the meeting with the President they discussed the future. “There is good cooperation with the Government and we share the same goals”, Descalzi said.

Asked about the company’s plans for block 3 and Turkey’s provocations there, but also about the company’s plans for block 6, he said that with the President “we talked about our activities” in all the blocks, adding that “block 3 is there”.

He also said that in 2019 “we will drill into most blocks”, for which the company is licensed.

Asked whether the company would try again to drill in block 3, Descalzi said “you have to try again and again and again to succeed”.

Asked about the EastMed pipeline, he said that “EastMed is a reality, Cyprus is a reality. Cyprus is at the heart of the Eastern Mediterranean and Cyprus has signed with Israel, Greece and Italy a very important project on the pipeline. The deposits found in Egypt, Israel, now in Cyprus, in the future in Lebanon, are of utmost importance for Europe and for the development of the region.

Europe imports more than 80% of its natural gas, “said the Executive Director of the ENI, adding that this region is of great geopolitical importance to Europe, North Africa and the Middle East.

Cyprus has a very important place in the heart of Europe, at the heart of this region”, he concluded.

Statements by the Minister of Energy following the meeting of Nicos Anastasiades with the Director of ENI

ENI is one of our most important partners, Energy MInister Yiorgos Lakkotropis, said today.

In his statements to reporters at the Presidential Palace, after the meeting of the President of the Republic of Cyprus, Nicos Anastasiades with the Executive Director of ENI, Claudio Descalzi, Lakkotropis said that in the meeting was discussed “the activities of the company that undertook either alone or through consortia in which it participates in the Cypriot EEZ. We think there was a very good discussion”.

Asked if ENI remains committed to its drilling, the Minister said the company “is licensed for block 3, as it is licensed for all the rest. It is one of our most important partners in the Cyprus’ EEZ. All you need is to see the blocks they possess.

It is an important partner in the Eastern Mediterranean in general, due to their activities in Egypt, but also Lebanon very soon, and we certainly have a much clearer picture, both us and they”.

Asked about the next drilling of ENI, the minister said that “there are issues that we have discussed and will discuss in the following period”.

Asked when there will be a final picture of “Calypso”, the minister said that “the company does its own analysis, so do ourselves with our independent consultants, in order for both of us to form a picture. I think we will be able to have a more complete picture in the following period”, while in another question he said “it seems that we need confirmatory drilling”.

He added that “there are now initial estimates, drilling has been successful, but more will have to be done to get accurate conclusions”.

In a question about his visit to Egypt, Lakkotropis said that “there is a constant discussion with colleagues in Egypt on the issue of the pipeline that is before the European Commission for its comments in line with European directives. Yes, I will have some meetings, but no date has been set. It will be announced later”.

Asked if it is the final stage and for this reasoin he goes there, he said “both for that, but also for other issues that I have to discuss with my counterpart”.

In a question about the drilling planned by ExxonMobil, the minister said that “the procedures are proceeding as determined”, adding that drilling is being put in place for the second half of 2018.

In a question about the negotiations with Noble for the production of the Aphrodite deposit, the minister said that “there is a lot of talk about this deposit on many levels for its commercial exploitation”./IBNA