Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o 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 islands potential fuel riches.

The move counters an offshore gas search by rival Greek Cypriots in the islands 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 Turkeys 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 Cypruss exclusive economic zone. Officials said that is enough to meet the islands 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 Cypruss 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)  
Greece needs private debt overhaul, Piraeus Bank CEO says
Cheap energy pulls down eurozone producer prices in July
Greece sells 1.14 bln euros of 6-month T-bills, yield eases
New committee formed to assess progress of deregulation in closed-shop professions
Reforms to dominate Greek talks in Paris, debt relief talks later, says source
Greece hopes to assuage concerns it is slipping up on reforms during talks with European and IMF inspectors in Paris this week, with debt relief talks unlikely to start until October, a seni...
Trial over 2013 murder of pawn merchant starts in Athens
The trial over the April 2013 murder of a 30-year-old man running a family-owned pawn shop in the suburb of Dafni began on Monday with the four defendants admitting to their role in the deat...
Inside News
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
SOCCER
Unlikely pair on the Super League summit
Veria and Atromitos are sitting pretty at the top of the Super League after the second round of games thanks to their away wins that made them the only clubs to have six points, as champion ...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the peoples favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greece needs private debt overhaul, Piraeus Bank CEO says
2. Cheap energy pulls down eurozone producer prices in July
3. Greece sells 1.14 bln euros of 6-month T-bills, yield eases
4. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
5. Greece defender Papadopoulos fires parting shot at Michel
6. Unlikely pair on the Super League summit
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Moderating expectations
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Trial over 2013 murder of pawn merchant starts in Athens
6. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.