Cyprus remains one of EU’s most oil-dependent nations

Cyprus remained one of the European Union’s most oil-dependent countries in 2024, with 86 per cent of the energy available on the island coming from crude oil and petroleum products, according to Eurostat’s 2026 edition of Energy in Europe.

The report, published on Tuesday, also showed that 96 per cent of Cyprus’ energy imports were petroleum products, the highest such rate in the EU, while the country’s overall energy import dependency ratio stood at 88 per cent.

At the same time...