Turkey turns up the Cypriot heat
Cyprus hopes international pressure will stop Turkish drilling in the country's offshore
Turkey has deployed two drilling vessels in the waters around Cyprus, as the Ankara regime ups the ante in another game of high-stakes militant diplomacy. One ship, Fatih, is anchored just to the west of the island. Until recently a second, Yavuz, was close to the eastern coast of Cyprus. Now, Yavuz is set to drill in Block 7 in Cyprus’ economic exclusion zone (EEZ). In September, the Cyprus government granted a licence to a consortium of Total and Italy's Eni to explore for hydrocarbons in that block. The Turkish move confirms the declared determination of the Ankara government to press its interpretation of how the waters of the Eastern Mediterranean should be shared. Turkey asserts that i
Also in this section
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis