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
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026