Showing posts with label gas drilling. Show all posts
Showing posts with label gas drilling. Show all posts

Sunday, October 2, 2011

Greece and Russia rally behind Cyprus

Block 12 within Cyprus’ Exclusive Economic Zone (EEZ)
Greek Minister of National Defence Panos Beglitis, who attended yesterday’s parade, told reporters: “We are in close cooperation with Cyprus’ leadership, we are watching Turkey’s actions very closely, in a composed and decisive manner and I would like once again to denounce statements often made by the Turkish political leadership, as well as the policies followed.”

Russian Ambassador to Cyprus Vyacheslav Shumskiy said Moscow’s position was “absolutely clear” on the issue. “We were among the first countries to comment on that, and we totally support the sovereign right of the Cypriot people for exploitation of natural resources , this is totally in accordance with the international law and with the EU regulations, so there is no doubt about that,” he said.

read more at: Cyprus Mail

Israeli vs Turkish Fighter Jets Over Cyprus

With a treasure trove of hydrocarbon reserves thought to lie beneath the sea, the stakes are high: the winner could emerge as an energy broker in charge of Europe's gas supplies for decades to come.

"If the findings are as big as they say then the power political parameters of the region will shift," said Hubert Faustmann, a political science professor at the University of Nicosia in Cyprus.

"We're talking about trillions of cubic metres of hydrocarbons worth billions of dollars."
The row erupted after the divided Mediterranean island instructed a US company, Noble Energy, to begin drilling off its southern shores last month.

Tuesday, September 27, 2011

Turkish frigates, jets escort ship that began oil and gas exploration off Cyprus

Turkey is using its navy and air force to escort a ship conducting oil and gas exploration off Cyprus, an official said Tuesday, in the latest development in a dispute over the ownership of the divided island nation’s natural resources.

Monday, September 26, 2011

Is He Really In A Position To Threaten Turkey?

An attack on the rig drilling for gas off shore from Cyprus for an Israeli-American consortium would be considered an attack on the United States, says Richard Stone, chairman of the Conference of Presidents of Major American Jewish Organizations.

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