Arab Times

Turkish ship to begin drilling off Cyprus — minister

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One of Turkey’s oil and gas exploratio­n ships in the eastern Mediterran­ean will soon begin drilling southwest of Cyprus, Energy Minister Fatih Donmez said on Saturday, as Ankara and Nicosia dispute offshore rights in the area.

Turkey and Cyprus have been shadow-boxing over ownership of resources in the eastern Mediterran­ean for years but the simmering dispute between countries that spurn diplomatic relations has intensifie­d recently.

Ankara announced on Thursday that it had sent its Yavuz oil-and-gas drilling ship to waters off southern Cyprus where Greek Cypriot authoritie­s have already awarded hydrocarbo­n exploratio­n rights to Italian and French companies.

Turkey has already drilled two wells in waters to the east and west of the island, triggering strong protests from Nicosia and the European Union in recent months, including EU sanctions.

“Our Yavuz drilling ship has reached the Guzelyurt-1 location. Our ship... will hopefully begin drilling as soon as possible after completing all its preparatio­ns,” Donmez said on Twitter.

The ship’s location was unchanged from Friday, Refinitiv Eikon ship tracking data shows. Turkey’s second drill ship, Fatih, has been operating off the west coast of the Cyprus.

The island of Cyprus was split after a Turkish invasion in 1974 triggered by a brief Greekinspi­red coup.

The internatio­nally recognised Greek Cypriot government represents Cyprus in the European Union, while a breakaway Turkish Cypriot state in the north is recognised only by Ankara. (RTRS)

 ??  ?? Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarte­rs in Seoul, South Korea, Friday, Oct. 4, 2019. Asian stocks were mixed Friday after Wall Street rebounded on investor hopes for a US interest rate cut.
(AP)
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarte­rs in Seoul, South Korea, Friday, Oct. 4, 2019. Asian stocks were mixed Friday after Wall Street rebounded on investor hopes for a US interest rate cut. (AP)

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