Egypt's gold prices fall on Wednesday    Finance Ministry presents three new investor facilitation packages to PM to boost investment climate    Egypt, Bahrain explore deeper cooperation on water resource management    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    African trade ministers meet in Cairo to push forward with AfCFTA    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Turkey starts oil drilling in Eastern Mediterranean
"If harassment takes place, our naval forces will do what is necessary," says Turkey
Published in Daily News Egypt on 01 - 11 - 2018

The Turkish drillship Fatih started on Wednesday its first drilling campaign in the Eastern Mediterranean, in a move which is likely to increase tensions between Turkey (which is ruling the northern part of Cyprus), and Greece, and Cyprus, over offshore oil and gas rights.
Turkish Minister of Energy Fatih Donmez said on Tuesday that the first exploration well will be drilled at a location about 35 nm off the town of Alanya, Antalya province. "We don't have an eye on the resources of others, our only issue is to present to our people the riches within our territory," Donmez said. The well will be some distance from the disputed region, which lies further south and around Cyprus.
“If harassment takes place, our naval forces will do what is necessary,” Donmez added.
In February, five Turkish warships blocked a rig belonging to the Italian energy firm ENI from processing its operations for searching for gas in the eastern Mediterranean regional waters of Cyprus island.
Cyprus has been divided into two countries since 1974, forming the Turkish Cyprus on the northern third of the island, and the Greek Cyprus in the southern two thirds. While the Greek Republic of Cyprus is internationally recognised and an EU member, the Turkish Republic of Northern Cyprus is recognised only by Ankara.
Turkey affirmed that the northern part of the divided island, which is closely linked to Ankara, shares in the proceeds of gas reserves found under Cypriot waters, and Turkey has plans to invest in the zone soon.
Egypt has signed an agreement with Cyprus for digging for oil in the zone. Egypt's Ministry of Foreign Affairs previously denounced the Turkish moves in the Eastern Mediterranean saying that the maritime demarcation agreement between Egypt and Cyprus is legal and any party has no right to doubt its legality.
Egypt said further that the agreement is in accordance with the international law, and was filed as an international agreement to the UN, warning of any attempt to harm or affect Egypt's sovereign rights in the eastern region of the Mediterranean, saying it will be confronted.


Clic here to read the story from its source.