• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 9 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 8 hours California's Oil Industry Collapses Despite Shale Boom
  • 13 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 37 mins Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 17 hours The Consequences: Full-Blown Trade War Will Push World Towards Recession
  • 7 hours Greenpeace Blocks BP HQ
  • 14 hours Australian Voters Reject 'Climate Change' Politicians
  • 3 hours Shale to be profitable in 2019!!!
  • 21 hours Global Warming Making The Rich Richer
  • 17 hours IMO2020 To scrub or not to scrub
  • 12 hours UK Needs New Wind Turbines
  • 11 hours Will Canada drop Liberals, vote in Conservatives?
  • 3 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 18 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 21 hours California Threatens Ban on ICE Cars
  • 23 hours Shell ‘to have commercial wind farms’ by early 2020s

Lebanon Protests Israeli-Cypriot Energy Agreement

Lebanon’s Minister of Foreign Affairs Adnan Mansour has sent an official letter of protest to UN Secretary General Ban Ki-moon expressing Lebanon's objection to a bilateral Israeli-Cypriot agreement delineating an exclusive economic zone (EEZ) between the country’s joint maritime Mediterranean frontiers.

Mansour wrote that the agreement bilateral between Israel and Cyprus "violates Lebanon's sovereign and economic rights and jeopardizes peace and security in the region," Beirut’s NOW Lebanon new agency reported.

Despite the 1982 United Nations Conv3ntion of the Law of the Sea (UNCLOS) providing maritime convention providing nations with a 200-mile Exclusive economic zone (EEZ) extending 200 miles offshore for exploiting maritime reserves, the issue is contested in such constrained waters as the eastern Mediterranean, where competing claims overlap, as between Greece and Turkey, Israel and the Palestinian Authority and Israel and Egypt.

Nor are such conflicting maritime claims limited to the eastern Mediterranean, as further east, conflicting claims to the potential hydrocarbon riches of the South China Sea have involved China, Taiwan, the Philippines, Malaysia, Vietnam and Brunei in overlapping sovereignty claims to various rocky islet groupings.

In December 2010 Cyprus and Israel signed an agreement that defines their maritime borders and allows the two nations to proceed in searching for energy sources in the eastern Mediterranean. As Cyprus is a member of the European Union, the dispute with Lebanon has the potential to involve the EU in the disagreement.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News