We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Barbaros at Güzelyurt

15 3 0
14.08.2017
After the collapse of the Cyprus intercommunal talks and with the Greek Cypriot side insisting on taking unilateral actions in utilizing the offshore wealth of the island, tension started to build up with the start of drilling by French Total in Cyprus’ offshore Block 11 on July 13.

Turkey has not yet carried out its vow to shun from Turkish market all foreign oil companies that actively participate in the Greek Cypriot monopolization of the Cyprus offshore wealth in total ignorance of the share of Turkish Cypriots, but plans are underway for some reciprocal actions. While the adamant Greek Cypriot President Nikos Anastasiades refuses to acknowledge Turkish Cypriot partnership in Cyprus’ offshore wealth stresses that once a deal is reached they will get a share as well. Turkish Cypriots, in collaboration with Ankara, have started undertaking moves, totally ignoring the Greek Cypriot objections as well.

One contentious issue is of course where the Greek Cypriot-exclusive economic zone ends and where the Turkish Cypriot-exclusive economic zone starts. If the island has only one exclusive economic zone, then Turkish Cypriots have a third of the share at every part of that zone under the 1960 Constitution and the founding agreements. If the two sides have their own economic zones, on the other........

© Hürriyet Daily News