• 2 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 2 days New Video Game Targets Oil Infrastructure
  • 3 days Shell Restarts Bonny Light Exports
  • 3 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 3 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 3 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 4 days Kinder Morgan Warns About Trans Mountain Delays
  • 4 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 4 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 5 days Exxon Starts Production At New Refinery In Texas
  • 5 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 6 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 6 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 7 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 7 days Aramco Says No Plans To Shelve IPO
Half A Million Bpd At Risk From Geopolitical Firestorm

Half A Million Bpd At Risk From Geopolitical Firestorm

Geopolitical tensions are once again…

Controversial Azeri Pipeline Receives $500M Funding

Controversial Azeri Pipeline Receives $500M Funding

The European Bank of Reconstruction…

Turkey Signs Oil Agreement with Turkish Republic of North Cyprus

Turkey Signs Oil Agreement with Turkish Republic of North Cyprus

The eastern Mediterranean’s offshore potential oil and natural gas assets are becoming an increasing multinational issue, with disputes arising between Israel, Lebanon, turkey and the Republic of Cyprus about how best to apportion the eastern Mediterranean seabed.
 
Turkey and the Turkish Republic of Northern Cyprus (TRNC) delegations have met in Lefkosa and agreed to issue an oil exploration license to Turkey’s state-owned Turkiye Petrolleri Anonim Ortakligi (Turkish Petroleum Corporation, or TPAO) and a continental shelf delimitation agreement in order to counter proposed efforts should the Republic of Cyprus proceed with offshore drilling activities off the island’s southern coast.
 
The Turkish Ministry of Foreign Affairs (MFA) released a statement noting that the MFA "upon the invitation by the Turkish government, a technical meeting was held Thursday at the Ministry with a delegation composed of representatives from relevant authorities of the TRNC. As a result of the meeting, it has been agreed that Turkey and the TRNC will conclude a continental shelf delimitation agreement should the Greek Cypriot administration proceed with offshore drilling activities in the south of the island," Turkey’s Anadolu Ajansi news agency reported.
 
Following the invitation of the TRNC government, a delegation from Turkey, led by the Turkish Ministry of Energy and Natural Resources Deputy Undersecretary Sefa Sad?k Aytekin and representatives from Turkey’s MFA, the Petrol Isleri Genel Mudurlugu (General Directorate of Petroleum Affairs, or PIGM) and TPAO held meetings in Nicosia to discuss the issues.

By. Joao Peixe, 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