governmental and private business in hydrocarbons gives added value to a country’s GDP, creates employment opportunities and a lot more. It is not enough merely to sell crude oil or natural gas, but rather
to also create knowledge and convert this knowledge into products and services through innovation and
entrepreneurship.
KYRIAKIDES & XENOFONTOS
OIL AND GAS LEGAL EXPERTS
Wrongly handling hydrocarbons resources can easily shatter the public’s confidence, and lost credibility
can be very hard to regain. The dilemmas facing Cyprus are well known in the area of mineral resources.
Raising awareness through public hearings, emphasising the benefits and highlighting the challenges,
the active participation of social partners, a better grasp of how the petroleum industry works, and the
involvement of local authorities and groups in decision-making – these are some of the steps that can
help in the social acceptance and growth of the energy sector. Creating a framework for the conversion
of non-renewable energy sources into sustainable and long-term economic growth is perhaps the single
largest hurdle that we face collectively. The dire economic situation that Cyprus finds itself in, especially
with the scourge of unemployment, leaves no room for complacency.
Constantinos Hadjistassou is a lecturer in Marine
Hydrocarbon Technologies at the University of
Nicosia. Website: www.energysequel.com
KYRIAKIDES & XENOFONTOS OIL AND GAS LEGAL EXPERTS
Kyriakides & Xenofontos Oil and Gas Legal Experts, is a pioneer Oil and Gas Project, run by
a Joint Legal Venture, comprised of two major law firms of Limassol and Nicosia:
> Nasos A.Kyriakides & Partners (Limassol, est. 2004), led by Nasos A.Kyriakides
(LL.B, DI.M, LL.M, MCI Arb.,) is an international business law office specialised in corporate
services, banking, finance, M&A and international arbitration. Nasos A. Kyriakides & Partners was recently awarded as “Oil & Gas Law Firm of the Year in Cyprus 2014 by Corporate
Intl Magazine. It has been actively involved in transactions with a value of more than EU 4
billion in the banking, agricultural and industrial sector and provided legal consulting for
the issuance of Eurobonds, and IPO projects in the London Stock Exchange (AIM) and the
Warsaw Stock Exchange (WSE) as well as consultation and assistance in obtaining credit
facilities from major international banking institutions, following detailed due diligence
procedures and corporate restructuring.
> Xenofontos Legal (Nicosia, est. 2008), led by Xenis G.Xenofontos, LLB, LLM is a
top litigation and legal consulting firm on all aspects of Cyprus law. It has been involved
in major litigation, especially by handling cases at the Supreme Court of Cyprus, on issues
of administrative law, human rights, search and seizure, ip law, constitutional law, criminal
law and by handling complex civil and commercial law cases in various District Courts.
Furthermore it acts as legal advisor and law compliance supervisor for various companies
and local authorities.
Both firms have extensive experience in contract drafting and reviewing and have participated as legal advisors in various business negotiations.
Firm leaders N.A. Kyriakides and X.G.Xenofontos are the only two lawyers in Cyprus, having attended the specialised course “Legal Contracts and International Legal Practice for
Oil&Gas”, accredited by the London School of Energy Studies.
Website: www.oilandgaslawyers.eu
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