Wed, Sep 24, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Cyprus: IMF expertise for gas wealth fund

Posted on 14 May 2012

The government has asked the International Monetary Fund (IMF) to carry out a study on setting up a hydrocarbons fund to manage the country’s gas wealth for future generations, Commerce Minister Neoclis Sylikiotis revealed.
Speaking from Paphos, Sylikiotis said the government was working methodically to create the necessary infrastructure to handle the hydrocarbon reserves in Cyprus’ Exclusive Economic Zone (EEZ). Cabinet already decided on the creation of a national hydrocarbons company, while the legal service has been asked to prepare its charter, he said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14798 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930