Real-time analysis of Cyprus’ embryonic oil and gas industry

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)


Purpose: Amidst a plethora of reliable international and hardly so local literature, information and data, the research analyses and interprets theoretical, secondary and primary data gathered on the generic and Cyprus-specific oil and gas industry. The purpose of this paper is to identify and investigate the forces and factors that affect the development of this very new industry; and to integrate them into a single provisional industry forces model. Design/methodology/approach: This exploratory research methodologically rests upon a wide theoretical and secondary data research that is cemented and refined through an injection of primary qualitative work in the form of 20 expert and high-level public servant and industry executive interviews. Findings: The research achieves the above-sated aim and further concludes with a schematic industry representation; allowing a comprehensive overview of the industry and additionally depicting some of the key interrelationship categorisations that constitute key factors in decision making at all levels. Originality/value: The value of the research lies in its real-time approach to data gathering and analysis; and aids in the understanding of the environment components, not simply as individual elements affecting their subject, but as a comprehensive system; demonstrating that it is this exact systemic understanding of the constituent elements that will support and facilitate the proper development of the industry. The research bears also global/generic importance as it provides a rare insight to the issues and complexities of a country having to first deal with the discovery of hydrocarbons in its economic zone.

Original languageEnglish
Pages (from-to)376-402
Number of pages27
JournalEuroMed Journal of Business
Issue number3
Publication statusPublished - 2016


  • Cyprus
  • Environmental analysis
  • Industry analysis
  • Oil and gas


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