Anastasiades Offers Turkey Energy Revenues, Wants Warships Removed

March 27, 2018

NICOSIA — Cypriot President Nicos Anastasiades said he’s willing to share potentially lucrative revenues from newly-beginning oil and gas exploration with Turkish-Cypriots occupying the northern third of the island but wants Turkey to remove warships aimed at blocking foreign energy companies to drill off the coast.

Turkey doesn’t recognize much of Cyprus’ Exclusive Economic Zone (EEZ) and President Recep Tayyip Erdogan sent warships there stop drilling, succeeding in forcing an Italian company rig to veer off, reportedly under the threat of being sunk.

But US oil giant ExxonMobil has gone ahead in an area where it has a license after ships from the US Sixth Fleet conducted naval exercises nearby, which the US government said was a sheer coincidence.
European Union leaders – joining with the US – said Cyprus has a right to look for energy but Erdogan discounted that and said he’ll send Turkish research vessels to look in the same waters and that Turkish-Cypriots should take part in the operations.

He said Turkey’s argument that it’s acting to safeguard the interests of breakaway Turkish Cypriots in the ethnically split country’s natural resources is a “cover” to achieve its goal of controlling the east Mediterranean’s hydrocarbon reserves and to act as a prime energy supplier to Europe.

Anastasiades said Turkish-Cypriot rights are fully protected because any proceeds from the gas deposits belong to all Cypriots even those who are living in the part that was unlawfully occupied during a 1974 Turkish invasion.

Relations have soured in the wake of collapsed reunification talks that fell apart in July, 2017 at the Swiss resort of Crans-Montana after Anastasiades said he couldn’t accept Turkish demands to keep an army on the island and the right to militarily intervene.

(Material from the Associated Press was used in this report)


NICOSIA — Israel and Cyprus said Monday that they have made “significant” headway in resolving a long-running dispute over an offshore natural gas deposit and say they are committed to quickly reaching a deal as Europe looks for new energy sources.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Mitsotakis: Today’s Bill Comes to Define a New Field in Which Everyone Should Move

ATHENS - At the end of August 2022, I announced a legislative initative for the upgrading and modernisation of the protection, the operation of the security agencies and the operation of the communications and after the change in National Intelligence Service's (EYP) leadership and the establishment of double check to the legal intrusions," stated Prime Minister Kyriakos Mitsotakis addressing the parliament on Thursday during the debate on Justice Minstry's bill on the lifting of the communications confidentiality, cybersecurity and protection of the citizens' personal data.

TOKYO — Japanese billionaire Yusaku Maezawa said Friday that K-Pop star T.

NEW YORK — Ke Huy Quan is trying hard not to cry.

DOHA — An emerald inscribed for a Mughal emperor.

BEIRUT — Lebanon has been without a president for over a month, its legislators unable to agree on a new head of state.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.