Shell's decision to sell its 35% stake in the Cypriot Aphrodite gas field has disappointed Nicosia as the Mediterranean island seeks to develop its reserves.

Shell's decision to sell its 35% stake in the Cypriot Aphrodite gas field has disappointed Nicosia as the Mediterranean island seeks to develop its reserves.

Shell agreed to sell its BG Cyprus unit, holder of a 35% stake in the Aphrodite gas field, to Hungary's MOL Group for $720 million.