All News Rigzone · April 2, 2026 (Apr 2) · 1 min read Oil Surges Above $110 on Iran Escalation Read on Rigzone Share: Latest Coverage Aphrodite development might be best left on hold, warns analyst The Aphrodite gas field development faces a critical economic impasse as operator Chevron reportedly triples its requested pipeline transit tariff to $3 per mmbtu. This move, coupled with a two-year delay in the Final Investment Decision (FID) now targeted for 2028, suggests the project is being deprioritized in favor of more lucrative global assets. For Cyprus, these demands threaten to erode the state's share of revenues to the point of commercial insignificance, necessitating a tough stance in ongoing negotiations. Cyprus Mail · October 19, 2026 Turkish Cypriot fuel workers’ strike ends with layoff decisions reversed The resolution of the K-Pet labor strike in northern Cyprus prevents a looming energy supply crisis that would have disrupted both local transport and the growing cross-border fuel trade. By reinstating nine workers under political and union pressure, the region's dominant fuel supplier has prioritized operational continuity over immediate cost-cutting measures. This settlement is particularly critical given the current price disparity between the north and south, which has turned fuel availability into a significant cross-border economic issue. Cyprus Mail · October 17, 2026 Cooking oil recycling raises €770,000 for schools Cyprus Mail · October 15, 2026 ‘No need to worry’ about shortages despite Turkish Cypriot fuel workers’ strike Cyprus Mail · October 14, 2026 View all news → ← Previous AI Leads Record Deal Flow While Energy Reality Looms Next → Fuel Shock Forces Airlines Into Emergency Mode