Novatek Shows Interest in Cyprus Offshore Oil, Gas Licenses
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OAO Novatek, Russia’s second-biggest natural-gas producer, is looking at bidding for licenses to explore off Cyprus after the island nation’s first gas discovery attracted global companies.
Leonid Mikhelson, Novatek’s billionaire chief executive officer, flew to Cyprus for talks yesterday, Neoklis Sylikiotis, Cyprus’ commerce and industry minister, told reporters in Nicosia today. The country is accepting applications for a second licensing round until May 11.