Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Total to expand East Med oil, gas exploration

by

NICOSIA May 22, 2018 - 12:00 am GMT+3
by May 22, 2018 12:00 am

French energy giant Total wants to expand its search for oil and gas off the coast of Cyprus island, despite Turkey's warnings over exploration, a senior company official said yesterday.

After joining forces with Italy's ENI in two areas off the Cypriot coast, Total's regional director Stephane Michel said the firm wanted to expand its partnership.

"We applied as well to enter block eight owned by ENI and wanted to come to support that demand," he told reporters following talks with Greek Cypriot President Nicos Anastasiades. The country's energy minister, George Lakkotrypis, said there had been "constructive discussions about the next steps" for Total to operate in the economic exclusive zone unilaterally declared by Greek Cyprus.

He welcomed Total's commitment as "an extremely important development" which will strengthen the energy consortium. In February, a drill ship contracted by ENI to explore off the Mediterranean island abandoned its mission after Turkish warships blocked its path.

Monday's talks in Nicosia follow a visit to the Greek Cypriot capital last month by ENI chief executive Claudio Descalzi, during which he reaffirmed the company's "strong engagement and commitment toward the country." After Turkey's intervention against the Italian drilling vessel on Feb. 9, President Recep Tayyip Erdoğan warned foreign energy companies not to "overstep the mark" in the Mediterranean.

The standoff over exploiting energy resources in the eastern Mediterranean has further complicated stalled efforts to reunify Cyprus island following the collapse of UN-brokered peace talks last year.

Cyprus has been divided since 1974 into a predominantly Greek south, which is an EU member, and a Turkish north whose sovereignty is only recognized by Ankara. Greek Cypriot government is reportedly in discussion with Cairo to build a direct submarine natural gas pipeline from Cyprus to a plant in Egypt.

U.S. energy giant ExxonMobil - with Qatar Petroleum - is scheduled to conduct drilling off Cyprus in the second half of 2018.

  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    In photos: Violent protests continue in Northern Ireland's Belfast
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021