Arab Today, arab today turkey and shell sign energy exploration deal
Last Updated : GMT 21:38:23
Arab Today, arab today
Arab Today, arab today

Turkey and Shell sign energy exploration deal

Arab Today, arab today

Arab Today, arab today Turkey and Shell sign energy exploration deal

Ankara - AFP

Turkey signed a deal with Anglo-Dutch energy giant Shell on Wednesday for exploration on Turkish soil and in the Mediterranean Sea that could further stoke tensions with Cyprus. The contract between the state-owned Turkish Petroleum Corporation (TPAO) and Shell comes after Cyprus launched its own gas exploration projects off the south coast of the divided island in September. Ankara does not recognise the Greek-Cypriot government of Cyprus and says it has no right to conduct offshore energy exploration while UN-backed talks on reunifying the eastern Mediterranean island continue. Energy Minister Taner Yildiz, who oversaw the signing of the contract, however brushed aside claims that with the agreement Turkey was retaliating against Cyprus\'s moves. \"This signature is the result of technical work, which has nothing to do with international speculation,\" Yildiz said at the signing ceremony. Wednesday\'s deal covers seismic research off the Mediterranean province of Antalya as well as onshore drilling work concentrated around the southeastern province of Diyarbakir, TPAO chief executive Mehmet Uysal said. Uysal said seismic research will be conducted off Antalya until 2014 and then exploratory drilling would begin, adding that drilling expenses would be met by partner Shell. \"Shell and TPAO will share output equally if we find oil or gas. As production increases, the TPAO share will also increase,\" he said. The internationally-recognised government of Cyprus provoked Turkish anger when it struck a deal with US energy company Noble for exploratory drilling off the south coast of the island. Turkey retaliated by sending a ship to explore for gas in the Mediterranean after signing an accord with the breakaway Turkish Republic of Northern Cyprus, which only Ankara recognises. Malcolm Brinded, a senior executive director at Shell, praised his company\'s partnership with Turkey but declined to comment if he had any hesitations because of the political standoff between Ankara and Nicosia. \"I am really not going to comment on something which I think is really a matter of a government to resolve,\" he told AFP. \"But we are just very excited about the true opportunities ... Shell has a very long history in Turkey and I believe we will have a long and successful future.\" Cyprus has been divided along ethnic lines since 1974, when Turkish troops occupied its northern third in response to an Athens-engineered coup in Nicosia aimed at union with Greece. The Cyprus government, which says its hydrocarbon search is to the benefit of all Cypriots, has angered Turkey further by seeking to extend cooperation with Israel in the exploration and export of natural gas. \"From the beginning, we told both Israeli and Greek Cypriot governments... that those projects are against the international law,\" Yildiz said. In order to legalise energy exploration activities off the island, he said, the island\'s Turks should equally benefit from energy resources. Turkey and Israel have been locked in a bitter dispute since May 2010 when Israeli naval commandos stormed a convoy of six ships trying to reach the Gaza Strip in defiance of an Israeli naval blockade, killing nine people. Yildiz said political disputes between countries had negative impacts on energy cooperation from time to time. \"Israel acting as if nothing had happened about the massacre of our nine citizens is naturally unacceptable for us,\" he said. \"Therefore, this represents a serious obstacle for our cooperation and energy projects we will develop together (with Israel),\" he added.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkey and shell sign energy exploration deal Arab Today, arab today turkey and shell sign energy exploration deal

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 13:21 2017 Tuesday ,28 March

Samsung plans to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday