Tensions bubbling over oil

Published on 21 April 2011

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“Ankara is preparing a territorial crisis,” writes Politis. TPAO, the Turkish national oil company, is seeking to obtain licenses to explore and drill for oil in the Mediterranean Sea, the Cypriot daily explains. Among the 11 areas concerned, however, is Block 4321, which the Republic of Cyprus claims as part of its exclusive economic zone (EEZ). Nicosia and Ankara have been fighting for some years over the delimitation of the EEZ. Since 1974 half of the island of Cyprus has been occupied by Turkey. The Cypriot government intends to “assert its rights before the international courts,” writes Politis.

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