PLOT 12 ESTIMATED AT 450 BILLION DOLLARS
Gibrahayer e-magazine Tuesday 12 December, 2011 – Nicosia – “The
wealth that can be extracted from Plot 12 of the exclusive economic
zone of Cyprus surpasses 450 billion dollars”.
These are the estimates of Michalis Economides, Professor at
the Cullen College of Engineering of the University of Houston –
Texas.
According to the professor’s evaluations, the per capita wealth
of every Cypriot will double in the immediate future and eventually
quadruple.
He also said that according to his evaluations Plot 12 also
holds 3.7 billion barrels of oil.
In comments made to Cyprus media, Economides said that Cyprus
should not exclusively depend on Russia and its political leadership
should exhibit more seriousness in dealing with the natural wealth.
Meanwhile in Cyprus, the public are waiting from Minister of
Chamber of Commerce, Industry and Tourism Praxoulla Antoniadou to
announce the findings from Noble Energy, that are being delayed by two
weeks, as a result of technical difficulties experienced on the rig.
The official announcement is expected before Christmas.