BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)

NICOSIA: Cyprus said Tuesday it expects the European Union to adopt a firmer stance over Turkey's bid to drill for oil and gas inside the island's exclusive economic zone.

President Nicos Anastasiades said he was not optimistic about Turkey changing its tact, but he does expect Brussels to bare its teeth when dealing with the issue.

"I'm optimistic that the EU will at least show decisiveness in sending a stronger message than it has done up until today. This is our objective," he told reporters.

"And I believe after the summit of the seven southern EU member states that there will be a stronger EU stance," he added.

Turkish President Recep Tayyip Erdogan on Sunday said Ankara would not back down from its gas exploration.

"We continue and will continue to search in those areas that are ours," Erdogan said during a televised speech in Istanbul.

Cyprus has issued arrest warrants for crew members of Turkey's drilling ship, Fatih.

After a summit of southern EU countries in Valletta, the seven nations on Friday expressed "serious concern over actual or potential drilling activities within Cyprus's exclusive economic zone".

They urged the EU to keep an eye on the issue "and, in case Turkey does not cease its illegal activities, to consider appropriate measures in full solidarity with Cyprus".

The Turkish foreign ministry on Saturday said the declaration was "biased" and contrary to international law, accusing the EU of siding with bloc members Cyprus and Greece.

The discovery of huge gas reserves in the Mediterranean has fuelled the race to tap underwater resources.

The island is divided between the internationally recognised Republic of Cyprus and a breakaway state set up after a 1974 Turkish invasion following a coup sponsored by the military junta then ruling Greece.

Turkey considers the area in the Mediterranean to be part of its continental shelf and granted exploration licences to Turkish Petroleum in 2009 and 2012.

Last month, Brussels and the United States urged Turkey to reconsider plans to start exploratory drilling off the island.

Energy giants Total of France and Italy's ENI are heavily involved in exploring for oil and gas off Cyprus as well as ExxonMobil of the US.

Copyright AFP (Agence France-Press), 2019
 

Comments

Comments are closed for this article.