AGP Executive Report
Last update: 10 hours agoEnergy & Offshore Gas: Eni has awarded Halliburton a bundled well construction and completions contract for the Cronos ultra-deepwater project in Block 6 of Cyprus’ EEZ, covering drilling fluids, automation/remote operations, cementing and testing, with gas routed via Egypt for LNG export. Power Infrastructure: MPs visited the Vasiliko LNG site and demanded a clear completion timetable after stalled works; Defa/ETyfa also gave firms an extra month to submit binding offers for remaining tasks. Energy Security & Regional Projects: President Christodoulides said Cyprus will pay €25m for the Great Sea Interconnector once a Navtex is issued for seismic surveys, stressing no friction with Athens. Public Works & Industry: The justice ministry dropped the Mathiatis central prison plan in favour of a state-owned plot in Ayios Sozomenos, citing lower cost and faster delivery. Workplace Safety: A fatal Peyia construction accident involved a concrete boom pump contacting 11kV overhead cables; a second serious incident in Nicosia is also under investigation. Shipping & Finance: OCI N.V. faces an NNS cash offer for all shares; OCI published its position statement and called an EGM for 30 October, alongside votes on a proposed OCI-Orascom strategic combination. Trade & Jobs: Cyprus wholesale trade turnover rose 17.8% in Q2 2026, while euro area job vacancies eased to 2.1% and Cyprus saw a notable year-on-year vacancy drop. Tourism & Hospitality: ETAP Larnaca joins an EU SAFEHOST project to help hotels prevent and respond to gender-based violence. Labour & Services: Cyprus beaches may be left without lifeguards on Thursday due to a nationwide strike by hourly-paid workers. Shipping Community Giving: The Cyprus Shipping Chamber’s charity beach volleyball event raised over €300,000 for One Dream, One Wish.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.