Turkey will challenge new exploration licenses within the jap Mediterranean now that it’s set a maritime border with Libya, President Recep Tayyip Erdogan mentioned Thursday, a step liable to exacerbate strains with Greece and the European Union.

Erdogan’s remarks underlined Turkey’s willpower to press its claims in contested waters of the energy-rich jap Mediterranean, the place European nations, Egypt and Israel have constructed a discussion board to advertise their pursuits. Turkey insists it has rights to power finds there on account of its claims to Cyprus’s north, which it seized in 1974. Greece, Cyprus and the EU oppose Ankara’s drilling operations inside the island’s unique financial zone.


Tensions over the conflicting claims have escalated since Turkey and Libya signed a contentious settlement in November that delineates maritime borders and affirms claims of sovereignty over areas of the Mediterranean. Turkey’s calls for may make it tougher and expensive to construct a deliberate natural-gas pipeline that would hyperlink the jap Mediterranean basin with European markets via Cyprus, Greece and Italy.

“From now on, it’s not legally attainable to hold out any exploration exercise or building of a pipeline in areas between Turkey and Libya with out the permission of each nations,” Erdogan informed a televised convention in Ankara. “We will challenge licenses for these areas and begin exploration work in 2020.”

Greece, Cyprus and Egypt see the take care of Libya as a brazen Turkish bid for dominance within the contested waters. Libya can also be in battle with Greece over off-shore exploration licenses Athens issued for waters south of Crete, which is positioned between Turkey and Libya.

Turkey extracted the maritime settlement from Libya’s internationally acknowledged authorities in change for navy help within the North African nation’s civil battle. Ankara and Moscow are actually making an attempt to deliver the warring sides to a truce, which might additionally defend the accord.

The jap Mediterranean has been one of many world’s most prolific spots for main gasoline discoveries in the course of the previous decade. Noble Energy Inc. discovered the Leviathan gasoline discipline in Israeli waters in 2010 and Italy’s Eni SpA found the enormous Zohr deposit off the Egyptian coast in 2015. Exxon made a discovery off the southwest coast of Cyprus final 12 months.

Turkish drilling ships are at present working off Cyprus in waters declared by Turkey as its personal financial unique zone, beneath agreements with the northern Turkish Cypriot state, which is acknowledged solely by Turkey. The EU is weighing sanctions in opposition to Turkey over its oil and natural-gas exploration off Cyprus, and Cyprus desires the International Court of Justice to resolve its dispute with Turkey.

Source: www.worldoil.com

Please go away feedback and suggestions under

good day

Read more at Source link


Please enter your comment!
Please enter your name here