Saturday November 1, 2014 Search
Weather | Athens
18o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Turkey starts drilling off Cyprus's northern coast

SINIRUSTU/SYGKRASI, Cyprus -- Turkey began exploratory drilling for oil and gas Thursday in the Turkish-occupied north of ethnically divided Cyprus, heightening a dispute over who is entitled to the Mediterranean island’s potential fuel riches.

The move counters an offshore gas search by rival Greek Cypriots in the island’s internationally recognized southern half that has touched off vociferous protests from Ankara and Turkish Cypriots.

Turkish Energy Minister Taner Yildiz joined Turkish Cypriot leader Dervis Eroglu to inaugurate the start of drilling by Turkish Petroleum company TPAO at the Turkyurdu-1 borehole in this northwest village.

The Cypriot government says any fuel search is its sovereign right and has denounced what it calls Turkey’s “gunboat diplomacy.” It also said gas finds could be an incentive to peace that would allow both Turkish Cypriots and Turkey to share in the wealth.

The US firm Noble Energy announced last December the discovery of an estimated 5-8 trillion cubic feet (140-230 billion cubic meters) of gas inside one of 13 blocks that make up Cyprus’s exclusive economic zone. Officials said that is enough to meet the island’s energy needs for many decades.

The Cypriot deposit sits close to a massive Israeli field and the two countries are currently discussing ways of how to extract and process the gas for domestic use and possible export. Cyprus launched a second licensing round for more offshore exploratory drilling earlier this year.

Ankara also claims rights of its own to the Cyprus’s exclusive economic zone and considers as invalid an agreement that the island and Israel signed last year demarcating their maritime borders. [AP]

ekathimerini.com , Thursday April 26, 2012 (13:19)  
Disposable income of households fell 10.3 pct in one year
Banks unhappy with bad loans bill
State debtor numbers grew in September
Reform plan among conditions
Ministry swap halts talk of reshuffle as reforms eyed
Prime Minister Antonis Samaras on Friday appointed Nikos Dendias as defense minister, replacing outgoing Dimitris Avramopoulos, who assumes the European Commission’s immigration portfolio ne...
Turkish-Greek cooperation in Aegean helps stem flow of migrants
Closer cooperation between Greek and Turkish coast guard authorities has led to 11,000 undocumented migrants being prevented from entering Greek borders and returned to the neighboring count...
Inside News
TRACK & FIELD
An Authentic presentation of the Marathon race
As Athens gears up for its Marathon on Sunday, November 9, a book published in English by Greek journalist Yiannis Mamouzelos explains why the race on the course from Marathonas to central A...
BASKETBALL
Spanoulis played Zeus for Olympiakos against Neptunas
Captain Vassilis Spanoulis helped Olympiakos narrowly avoid an upset on Friday as it defeated Euroleague debutant Neptunas Klaipeda 85-81 in overtime in Lithuania to preserve its perfect sta...
Inside Sports
COMMENTARY
Checks and balances
The most interesting thing to emerge from a recent meeting of the Association of Judges and Public Prosecutors – at least as far as what made it into the press was concerned – was a statemen...
EDITORIAL
Opening hours on the agenda
An earnest discussion has finally started over whether Greek retail stores should be allowed to open every Sunday of the year instead of the current seven that have been assigned as part of ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. An Authentic presentation of the Marathon race
2. Spanoulis played Zeus for Olympiakos against Neptunas
3. Disposable income of households fell 10.3 pct in one year
4. Banks unhappy with bad loans bill
5. State debtor numbers grew in September
6. Reform plan among conditions
more news
Today
This Week
1. Checks and balances
2. Opening hours on the agenda
3. Archaeologists find underground vault at Amphipolis tomb
4. Man shot dead, woman injured in Vathis square attack
5. Greek retail sales rise for third month in a row
6. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.