Objectives

  • To ensure a reasonable and sustainable exploitation of the hydrocarbons reserves in order to maximize state revenues over a long term period.
  • To contribute to the creation of new jobs through the whole oil & gas industry chain, thereby boosting the economic recovery of the country and helping to further transform Cyprus into a knowledge-based economy.
  • To ensure a sufficient and a stable energy supply to the domestic market at affordable prices while minimizing the impact of the environment.
  • To utilize hydrocarbon resources and build the necessary infrastructures for enhancing the security of energy supply of the region and the European Union.
  • To develop a corporate culture based on principles and values such as mutual respect, corporation, teamwork, environmental awareness and social responsibility.
  • Transform Cyprus into an energy hub and improve bilateral relations building on the mutual beneficial exploitation of hydrocarbons in the Mediterranean region.