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Cyprus’ revenues from the exploitation of the “Aphrodite” natural gas field are expected to exceed $9 billion over an 18-year period, based on the agreement the Republic has reached with the consortium of companies that holds the license for the “Aphrodite”, Energy Minister Yiorgos Lakkotrypis revealed on Wednesday after the Cabinet’s meeting. In statements, Lakkotrypis said that negotiations with the licensees, namely Noble Energy, Shell and Delek Drilling, have been concluded, adding that they aimed to change the revenue-sharing agreement, while …
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