Hydrocarbons (Prospection, Exploration and Exploitation) Law, 2007 (Law No. 4(I)/2007). Country/Territory Cyprus Document type Legislation Date 2007 Source FAO, FAOLEX Subject Mineral resources Keyword Basic legislation Access right Legal proceedings/administrative proceedings Authorization/permit Continental shelf EEZ-Exclusive Economic Zone EIA Exploration Institution Liability/compensation Minerals Offences/penalties Mining Geographical area European Union Countries, Western Asia Abstract With the purpose of harmonizing the Cypriot legislative framework with EU Directive 94/22/EC, the present Law provides for the prospection, exploration and exploitation of hydrocarbons in the republic of Cyprus. Article 3 establishes that the ownership of hydrocarbons wherever they are found in Cyprus, including the territorial waters, the continental shelf and the Exclusive Economic Zone of the Republic, shall be deemed to be and always to have been vested in the Republic. The law consists of 3 Full text Greek References - Legislation Implements Directive 94/22/EC of the European Parliament and of the Council on the conditions for granting and using authorizations for the prospection, exploration and production of hydrocarbons. Legislation | European Union | 1994 Keyword: Oil, Exploration, Mining, Continental shelf, Authorization/permit Source: FAO, FAOLEX