greece oil and gas exploration
Even though they urge, we won’t listen.
Exploration Activity in Greece. Turkey has said it will suspend research for oil and gas exploration off a Greek island amid tensions in the eastern Mediterranean. Fadel Gheit, a senior energy analyst at Oppenheimer in New York, told New Europe on 3 January that oil and gas majors may become interested in hydrocarbon exploration and extraction offshore Greece.
Turkey resumed oil and gas exploration in the Mediterranean Sea days after the government said it would delay offshore surveys to seek a diplomatic resolution with Greece… Both on the field and at the table, we side with international law, good neighborliness and dialogue,” Hulusi Akar told Reuters on Wednesday.“We want to reach political solutions through peaceful means in line with international laws.”However, Akar stressed that Ankara would continue to defend its "rights, ties and interests" in the region. He noted that natural gas discoveries in the Eastern Mediterranean, that is Cyprus and Israel, “will be a tremendous boost obviously for Europe”. These cookies do not store any personal information.Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Travelers from 29 countries will be allowed to visit, but it may not be enough to keep Greek tourism alive ATHENS - Greece has lodged strong protest with Turkey over Turkish plans to expand oil and gas exploration in in areas of the Mediterranean Sea that Greece considers its own. “Plus, nobody can urge us that we cannot deploy our vessels to said regions. The problem for Greece is that several Greek islands, including Crete, lie in between and experts like Syrigos sea an armed conflict erupting if the government in Athens sees its territorial sovereignty violated. We also use third-party cookies that help us analyze and understand how you use this website. Greece's oil production stands at 7,946 barrels per day (bbl/d), ranked 90th, while it exports 1,863 bbl/d (57th) and imports 496,600 bbl/d (25th). He continued, “It seems there is a concern that the moment a drill touches the sea basin it confers rights onto Turkey. While Unluhisarcikli framed recent events as Ankara responding to Anthens’ “maximalist approach with its own maximalist approach,” he also believes current tensions would likely subside with the third-party mediated talks in the near future.“Armed conflict between Turkey and Greece is strongly against the interests of NATO and the interests of the United States,” Unluhisarcikli told Al-Monitor. Erdogan, he added, is determined to assert himself and Turkey's interests on this important region.
Speaking to reporters in Lebanon during a weekend visit, Turkish Foreign Minister “Firstly, no one can accuse us of causing tension,” Cavusoglu told reporters. Tensions have spiked between the two since Ankara resumed energy exploration work in a disputed area of the eastern Mediterranean on Monday.“Despite all this, we want to believe that common sense will prevail. “I think there will be stop mechanisms.” Sign up for our Newsletter
“ Greece will not be blackmailed.
Every drop is valuable," the minister said.Turkey’s announcement of the resumption of exploratory drilling came amid its anger over an agreement signed between Greece and Egypt designating an exclusive economic zone for oil and gas drilling rights in the eastern Mediterranean between the two countries. The diplomatic protests come amid revelations in Greek and Turkish media that Turkey's state petroleum company has received license from the government of President Recep Tayyip Erdogan to proceed with oil and gas explorations in a total of 24 locations in the East Mediterranean.
This category only includes cookies that ensures basic functionalities and security features of the website. You also have the option to opt-out of these cookies. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The Pulse of the Middle East Greece has lodged strong protest with Turkey over Turkish plans to expand oil and gas exploration in in areas of the Mediterranean Sea that Greece considers its own. The link to reset the password will be sent to your email address. “If [Turkey’s] activities remain within areas that are not delimited, it is likely that tensions will not lead to any hot incidents, especially if external actors like the United States and Germany try to once again play a de-escalating role,” Tziarras told Al-Monitor. Turkey’s announcement of the resumption of exploratory drilling came amid its anger over an agreement signed between Greece and Egypt designating an exclusive economic zone for oil and gas drilling rights in the eastern Mediterranean between the two countries. As Turkish vessels are dispatched near Greek territorial waters, analysts say tensions in the eastern Mediterranean Sea could quickly escalate if leaders on both sides do not reengage in diplomatic talks. In the late 1970s the Prinos oil and gas field was discovered and then in the 1980s more exploration work carried out by the Public Petroleum Corporation of Greece (DEP, DEP-EKY) led to the Katakolon and Epanomi oil and gas discoveries. But opting out of some of these cookies may have an effect on your browsing experience.Necessary cookies are absolutely essential for the website to function properly. Syrigos says there is no doubt that Turkey will proceed with its stated plan in the coming weeks. Experts fear Turkey is stoking tension in the region to reassert regional control Debt-stricken Greece, which currently has the least exploration for hydrocarbons in the region, is vowing to exploit its oil and gas reserves.On 2 January, the Ministry of Environment, Energy and Climate Change (YPEKA) invited investors through an Open Door process to bid to exploit hydrocarbon reserves in three blocks estimated to hold around 250 million barrels of oil. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.
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