Cyprus Inks Gas Processing Deal With Noble, Delek Units

Law360, New York (June 19, 2013, 3:22 PM EDT) -- Cyprus on Wednesday said its Cabinet has approved a preliminary deal with U.S. oil and gas outfit Noble Energy Inc. and Israeli affiliates Avner Oil Exploration LP and Delek Drilling LP for the development of a natural gas processing facility.

Deputy government spokesman Victor Papadopoulos made the announcement to reporters in Nicosia following a meeting of Cyprus' top government ministers, but he did not disclose any details of the deal. The project is part of Cyprus' efforts to develop an offshore gas field located off of...
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