BUSINESS

Akinci: Cost of Cyprus reunification may top estimates

TAGS: Cyprus, Energy

The leader of Cyprus’s breakaway Turkish-Cypriot community says the ethnically divided island’s potential wealth from newly found offshore gas reserves could be used to partly fund a costly reunification deal.

Mustafa Akinci told The Associated Press in an interview on Monday that a peace accord may cost more than initial estimates.

He said gas could boost energy cooperation and foster peace in a tumultuous region, but warned unilateral drilling by Greek Cypriots could reignite tensions.

[AP]

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