x

Economy

Turkey Fires Cyprus Foreign Energy Company Drilling Broadside

November 20, 2018

With American and Qatar energy companies ignoring warnings not to drill for oil and gas off Cyprus, Turkey’s Foreign Ministry ramped down the rhetoric to say the hunt for reserves off the island “does not contribute to stability in the area” and may potentially change a certain “delicate balance” about reunifying the island.

That was a far cry from Turkish President Recep Tayyip Erdogan’s threats he wouldn’t allow foreign companies to drill, which ExxonMobil and Qatar Petroleum have begun in Cyprus’ Exclusive Economic Zone (EEZ,) parts of which Turkey doesn’t recognize.

Turkey had sent warships off the island previously and was able to scare off a vessel from the Italian company Eni which veered off and without the Italian Navy intervening to help one of the country’s major businesses.

Turkey said it will now, instead of challenging the foreign companies, egin similar explorations to areas in which its self-declared Republic on the island, which no other country recognizes, has licensed Turkey’s state oil company TPAO to explore.

Turkey said foreign energy companies licensed to drill in Cyprus’ EEZ, parts of which Turkey doesn’t recognize, are trespassing on its rights to hunt there as well, disregarding Turkish-Cypriots who’ve been unlawfully occupying the northern third of the island since a 1974 invasion.

RELATED

NIKOSIA - Leading Cyprus group Thanos Hotels and Resorts announced on Wednesday it is entering the Greek luxury hospitality market with a three-year investment plan aimed at opening 10 new hotels.

Top Stories

Columnists

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

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.

Video

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

CALIFORNIA - The University of Southern California canceled its main graduation ceremony and dozens more college students were arrested at other campuses nationwide Thursday as protests against the Israel-Hamas war continued to spread.

NEW YORK  — The third day of witness testimony in Donald Trump's hush money trial concluded Thursday after Trump's lawyers got their first chance to question a witness on the stand.

ATLANTA — As Donald Trump seeks a return to the White House, criminal charges are piling up for the people who tried to help him stay there in 2020 by promoting false theories of voter fraud.

ATHENS - Voters should see the whole picture when they go to cast their ballot in the European Parliament elections on June 9, Prime Minister Kyriakos Mitsotakis said in an interview on Thursday.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

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