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US company Noble Energy Inc. (NYSE: NBL) has started drilling in Cyprus's Block 12 license. At the start of the month, the Turkish government threatened to send the Turkish navy to Cyprus if the latter continued with its plan to drill at the location. However, Noble Energy, a partner of Israeli companyDelek Group Ltd. (TASE: DLEKG), began drilling today, ten days before the end of the period stipulated in the agreement between it and the Cypriot authorities.
With Turkey threatening naval action against Israel, the Jewish state and Greece have invoked a mutual defense pact they signed without publicity only 12 days ago.
“Greek Defense Minister Panos Beglitis, making the first official visit by a Greek defense minister to Israel, and his Israeli counterpart, Ehud Barak, signed a cooperation memorandum on security in Jerusalem on Sunday during the first day of Beglitis’ three-day trip,” reports the Jewish Telegraphic Agency news service.
“I come as my country’s defense minister to state our political will as a government, as well as the majority of the country’s political forces, for the two countries, the two governments, the two peoples, to work together so that we can further develop and deepen our bilateral relations in all sectors of mutual interest and concern,” Beglitis said.
IDF calls up reservist soldiers in preparation for mayhem after PA UN move. "Open fire only if your life is danger," they are told
Interesting times indeed.
New Middle East, the Turkish version – Turkish Foreign Minister Ahmet Davutoglu on Monday presented his country's vision for regional dominance and strategic cooperation with Egypt, which will overshadow Turkey's former allies Israel and Syria.
Strongest statement yet on opposition to Cyprus' scheduled accession to rotating presidency comes amid row over offshore gas drilling.
In 1983 Turkish Cypriots proclaimed the Turkish Republic of Northern Cyprus, which is recognised only by Turkey....
....Around 150,000 settlers from Turkey are believed to be living in the north in violation of the Geneva Convention and various UN resolutions
Originally posted by LightAssassin
reply to post by buster2010
Haha, that's not gonna happen EVER.
Turkey's energy minister says that if Cyprus starts to drill for oil and gas off its shores, Turkey will launch a similar exploration within a week under the protection of Turkish warships.
Taner Yildiz told reporters Monday that Turkish navy would "obviously" escort the research ship that would look for oil and gas in the Mediterranean.
If it is in internationally recognized waters, let 'em drill side by side. First come, first served.
Turkey is ready to send an exploration rig, accompanied by a warship, to claim its rights off Cyprus, a Turkish official says
Tension between Turkey and Greek Cyprus is moving toward crisis in the eastern Mediterranean Sea with Ankara’s announcement of plans to send an oil and gas exploration rig to the already unstable area, accompanied by a warship. “We have accomplished all preparatory work. We are ready to finalize the agreement [with Turkish Cyprus] to begin the process and send our platform off the Cyprus coast,” a Foreign Ministry official told the Hürriyet Daily News on Sunday.
The Greek Cypriot initiative pushed Turkey and Turkish Cyprus to announce their own action plan in retaliation. Under the plan, the Turkish Petroleum Corporation, or TPAO, will be licensed by Turkish Cyprus to launch exploration and drilling activities in the disputed area.
If the Greek Cypriots begin drilling, Davutoğlu added, Turkey and northern Cyprus will respond by signing a continental shelf delimitation accord to pave the way for their own exploration and “the two-state prospect will further deepen.”