Cyprus Hydrocarbons Company (CHC)
National Oil CompanyAbout
The state-owned national hydrocarbons company of the Republic of Cyprus, established in 2014. CHC manages the state's commercial interests in the EEZ: it participates in gas commercialization and export negotiations (including the Aphrodite–Egypt and Cronos–Zohr arrangements), advises the Ministry of Energy on licensing and development plans, and is the vehicle through which the Republic would hold participating interests in producing fields. Unlike the international operators, CHC holds no operated blocks — its role is commercial stewardship of the state's share of Cypriot gas.
Frequently Asked Questions
What is the Cyprus Hydrocarbons Company?
The Cyprus Hydrocarbons Company (CHC) is the state-owned national hydrocarbons company of the Republic of Cyprus, established in 2014. It manages the state's commercial interests in the Cyprus EEZ — participating in gas commercialization and export negotiations and advising on licensing — but does not itself operate any exploration blocks.
Does Cyprus have a national oil company?
Yes — the Cyprus Hydrocarbons Company (CHC), founded in 2014. Unlike producing-country NOCs, CHC holds no operated acreage; the Cyprus EEZ is explored by international operators (ExxonMobil, Eni, TotalEnergies and Chevron), while CHC stewards the commercial interests of the Republic.
Who explores for hydrocarbons in Cyprus?
Four international operators hold the seven licensed blocks of the Cyprus EEZ: ExxonMobil (Blocks 5 and 10, with QatarEnergy), Eni and TotalEnergies (Blocks 6, 7, 8 and 11), and Chevron (Block 12, with Shell and NewMed Energy). The state side is represented by the Ministry of Energy and the Cyprus Hydrocarbons Company.
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Company Details
- Full Name
- Cyprus Hydrocarbons Company (CHC)
- Ticker
- CHC
- Country
- Cyprus
- Type
- National Oil Company
- Blocks
- 0
- Discoveries
- 0