AlwaysFree: Qatar Energy-Exxon Consortium Signs Cyprus Energy Exploration Agreement

A consortium of Qatar Energy and Exxon Mobil Corp has inked a deal with Cyprus for energy exploration and production sharing in Block 5 in the southeast of the island, Reuters reported on Friday. Under the agreement, Exxon will own 60% and be the operator in Block 5, while  Qatar Energy will hold the remaining 40% stake.