We are pleased to introduce an overview prepared by Harris Kyriakides LLC in regard to the Cyprus oil and gas regulations. The overview, which features in the 2014 multi-jurisdictional guide of Practical Law - Energy and Natural Resources, gives a high level outline of the oil and gas sector in Cyprus and describes the basic principles relating to exploration regimes, health safety and the environment, sale and trade in oil and gas and tax. The recent discovery of hydrocarbons in offshore Cyprus has attracted a lot of attention of major players in the international market. Since 2008, when Cyprus awarded the first exploratory licence, the regulation of oil and gas exploration in Cyprus has capitalised on the experience and expertise of the players who are already active in the market and constitutes a trustworthy framework, that can form the basis of future developments and opportunities in the developing Cyprus oil and gas industry. For the full chapter, please click here. Harris Kyriakides LLC maintains the experience and expertise to provide reliable legal representation and support in any oil and gas activities in Cyprus.