Transcription of SUPPORTING ECONOMY: Page 2
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SUPPORTING ECONOMY: Page 2
Saturday, December 11, 2021 Jumada I 7, 1443 AHBUSINESSGULFTIMESUK economy almost fl atlined in October, adding to interest rate hike doubtsGDP GROWTH SLOWS SHARPLY: Page 4 China seeks to curb relentless yuan gains with surprise fi xSUPPORTING ECONOMY: Page 2 QatarEnergy expands its presence offshore Cyprus with new exploration blockA consortium comprising aff iliates of QatarEnergy and ExxonMobil signed an exploration and production sharing contract (EPSC) with the Republic of Cyprus for the off shore Block 5 located southwest of the island. This is QatarEnergy s second exploration block in the Republic of Cyprus, in addition to Block 10, which was awarded to the same consortium in 2017 and resulted in the Glaucus gas discovery announced in February 2019 with estimated in-place resources of 5tn to 8tn cubic feet of gas.
EPSC, which expands our footprint in Cyprus. As confirmed by our discovery in Block 10, this region is promising and has very good potential for hydrocarbon exploration. “We look forward to continuing to collaborate with the government of Cyprus and with our long-term strategic partner ExxonMobil to contribute to the
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