Britain set for Falkland islands oil windfall

2012-02-16

Britain will share in a Falkland Islands windfall when oil starts flowing there later this decade and, with taxes and royalties estimated at up to $167 billion, the potential prize could inflame mounting tensions with Argentina over sovereignty.

Sea Lion, a field discovered in 2010 north of the islands by British explorer Rockhopper, will generate $10.5 billion of tax and royalty revenues for the Falklands over its estimated 20-year life, Edison Investment Research said on Thursday.

That windfall could swell to $167 billion over the years, Edison analysts said, if four wells being drilled this year off the southern coast and targeting 8 billion barrels of oil resources come in as hoped – the chances of success at these wells are 10-25 per cent, analysts have said.

Libya must rein in ‘out of control’ militias – Amnesty

2012-02-16

Libya’s aspirations to replace Muammar Gaddafi’s repressive rule with a just, democratic state are being undermined by armed militias who trample on human rights and are outside the government’s control, Amnesty International said on Thursday.

The militias spearheaded the rebellion that ended Gaddafi’s 42-year rule but they have so far refused to disband. With their heavily armed units patrolling the streets, they have more power on the ground than Libya’s official rulers.

Amnesty said in a report that its researchers had documented dozens of cases of militias committing war crimes, torturing detainees and forcing whole communities to flee their homes.

Detached house in Fasoula

2012-02-16

Detached house 2y, 2-levels, 3bd for renτ in Fasoula village, 7min from round about Mesa Gitonia, 160 sq.m, en-suite, fire place, full furniture,el. appliances, a/c, parking, electric gate, 190sq.m yard €850. 99633393

Cyprus, Israel, discuss future energy cooperation

2012-02-16

Cyprus and Israel discussed future energy cooperation during a visit by Israeli Prime Minister Benjamin Netanyahu on Thursday, as Turkey warned the island that it risked stoking tension by trying to tap offshore gas.

Gas production in the eastern Mediterranean is set to soar after the discovery of huge offshore reserves that have sparked competing maritime claims by Turkey, Cyprus, Lebanon and Israel.

Apartment to let in Yeroskipou

2012-02-16

yeroskipou, euro 380, beautiful 2 bed, first floor apartment, fully furnished with modern furniture, large bathroom, large balcony, set in well maintained gardens, communal pool. yeroskipou, 2 bedroom semi detached, both bedrooms en-suite, downstairs cloakroom, fully fitted kitchen, a/c throughout, fully furnished, front and rear garden, private parking – euro 450 per month.         konia – fully furnished, 3 bedroom ground floor apartment in attractive complex, 2 bathrooms, 1 cloakroom , communal pool, private parking with small garden – euro 420 per month.         universal – 2 bedroom, 1 bathroom, fully furnished, with sky tv, on modern well maintained complex, communal pool, euro 350 per month  : 99620901

 

 

misc

2012-02-16

CASTLE AUCTONS, Next sale of general items at our auction rooms in Kolossi, in Limassol (Sat 25th Feb) at 10.30 AM (viewing from 9AM). More details at www.castle-auctions.com or 7000 7889

 

LET NICOSIA

2012-02-16

For rent – Spacious one bedroom apartment, big and on second floor of small block of flats near Prodromos church. Big veranda, Bathtub (not shower) Wood floors Concealed lighting in areas, Provision for surround system,  Granite counters in the kitchen, Built-in oven, Refrigerator Washing machine Ceramic hob unit, Solar water heater Instant water heater  in the bathroom, A/C in the bedroom, Double bed with side tables Bar furniture  Roller blinds in the windows and veranda doors, Covered parking
 Price € 550.00 the month For  Information  tel.99-660350

Papoulias: Don’t insult my country

2012-02-16

GREECE’S president has accused German Finance Minister Wolfgang Schaeuble of insulting his nation, reflecting growing public resentment of almost daily lectures from Berlin on the dire state of the Greek economy.

A visibly angry President Karolos Papoulias singled out Schaeuble after he appeared to suggest Greece might go bankrupt, and also attacked critics of his country in the Netherlands and Finland.

“I cannot accept Mr Schaeuble insulting my country,” said Papoulias, an 82-year-old veteran of Greece’s resistance struggle against the Nazi occupation of World War Two.

“Who is Mr Schaeuble to insult Greece? Who are the Dutch? Who are the Finnish?” he said in a speech at the Defence Ministry.

A wider view

2012-02-16

THE ANNUAL International Education Fair kicks off tomorrow with over 100 universities to peruse as well as private colleges and educational institutes.

“Through this significant activity of our ministry, visitors will have the chance to collate information on Cypriot, Greek and other universities outside of Cyprus,” said Education Minister Giorgos Demosthenous.

Head of the Cyprus State Fairs Authority, Loizos Constantinou, reassured that visitors will have the chance to be fully informed on what a vast number of countries globally have to offer.

Cyprus tops electricity prices…again

2012-02-16

CYPRIOT households paid the highest average electricity prices in the whole of the European Union (EU27) last year and the second highest in 2010, according to Eurostat results.  

In the rankings for electricity prices within the EU, Cyprus has consistently ranked within the top three since 2007 – bar 2009 when it ranked seventh – while it only once registered an average price below the EU27 average, in 2005.

The average electricity price paid by medium-sized households in Cyprus for 2011 was 0.1731 Euros per kilowatt-hour (€/kWh), while the EU27 average price for the year was €0.1275 /kWh. 

Both the UK and Ireland notched up average prices over the EU27 average, with €0.1365 /kWh and €0.1584 /kWh respectively.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.