ExxonMobil project will transform Cyprus to a regional energy hub, with one small catch

The President of international oil giant ExxonMobil has expressed his enthusiasm to convert Cyprus into becoming a regional energy hub, which will transform the economy, bringing many jobs and trading opportunities. ExxonMobil has been actively signing contracts with Cyprus, and has already begun exploration. However, the potential area lying off the coast of Cyprus has not yet confirmed to be an area where sufficient deposits of natural gases can be found, predictions have been made from the surrounding areas that have been excavated. The President didn't seem too concerned “things seem to be going well” he optimistically confirmed.


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