OAO Novatek Seeks Bidding Licenses to Explore off Cyprus

Bloomberg reported that OAO Novatek (LSE:NVTKL) is seeking bidding licenses to explore off Cyprus.

As quoted in the market news:

Leonid Mikhelson, Novatek’s billionaire chief executive officer, flew to Cyprus for talks yesterday, Neoklis Sylikiotis, Cyprus’ commerce and industry minister, told reporters in Nicosia today. The country is accepting applications for a second licensing round until May 11.

Click here to read the full Bloomberg report.