Turkey vows to stop ExxonMobil drill off Cyprus

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Turkey vows to stop ExxonMobil drill off Cyprus
 © FinancialMirror 2022
Turkey threatens to prevent ExxonMobil’s search for oil and gas off Cyprus after Nicosia awarded it the rights to Block 5 in the island’s economic exclusive zone.

Cyprus on Thursday awarded natural gas exploration rights for Block 5 to the ExxonMobil and Qatar Petroleum consortium, with the US giant given administrative rights as the owner of 60% of the consortium.

The Turkish Foreign Affairs Ministry claimed that a part of the licensed area in question violates Turkey’s continental shelf in the eastern Mediterranean just hours after the deal was announced.

The eastern Mediterranean has become...


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Article automatically added to our system on Friday, December 3, 2021

Turkey vows to stop ExxonMobil drill off Cyprus


Contents of this article including associated images are © FinancialMirror 2022
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Article Tags: #turkey   #exxonmobil   #drill   #cyprus  


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