Shell agreed to sell the BG Cyprus unit, which is related to the Aphrodite gas field, to MOL Group.

1 report, 1 independent Updated Jul 31

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Shell MOL Group Cyprus

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Part of

Shell is cooperating with the government of Cyprus on a project, leading to an agreement to sell a subsidiary for up to $720 million, while maintaining a presence in Egypt. All 1 developments

Within The Eastern Mediterranean is seeing an energy partnership develop, while geopolitical tensions rise due to Turkey's actions regarding Cyprus and its regional bloc.

The entities involved

Shell
British multinational oil and gas company
- MarketBeat is reporting analyst ratings for Shell and Targa Resources.Mon 16:30
- EY reported that major oil companies like TotalEnergies and Shell are prioritizing shareholder returns over reserve expansion.Mon 09:04
MOL Group
Hungarian oil industry corporation

Nothing else this week.
Cyprus
country in the Mediterranean Sea
- Leaders from Greece, Egypt, and Cyprus are meeting to advance cooperation on natural gas and energy matters through a Trilateral cooperation mechanism.Mon 17:18
- IMF previously warned Cyprus regarding its fiscal policy, and Eni operates petrol stations in Italy.Mon 16:23

Related events

Shell acquired the British giant BG Group, which operates in oil-and-gas prospecting and exploration, in the Mediterranean Sea area.Jun 22

Coverage

Newest first; wire copies grouped

Jul 31cyprus-mail.com