Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

French education: Reinventing the idea of school

Read more

FRENCH CONNECTIONS

Frogs legs and brains? The French food hard to stomach

Read more

#TECH 24

Station F: Putting Paris on the global tech map

Read more

THE INTERVIEW

Davos 2017: 'I believe in the power of entrepreneurs to change the world'

Read more

#THE 51%

Equality in the boardroom: French law requires large firms to have 40% women on boards

Read more

FASHION

Men's fashion: Winter 2017/2018 collections shake up gender barriers

Read more

ENCORE!

Turkish writer Aslı Erdoğan speaks out about her time behind bars

Read more

REVISITED

Video: Threat of economic crisis still looms in Zimbabwe

Read more

BUSINESS DAILY

DAVOS 2017: Has the bubble burst?

Read more

Europe

Turkey to sign oil, gas deal with Shell

Text by News Wires

Latest update : 2011-11-16

Turkey’s energy minister said Wednesday his country is hoping to sign a deal with Shell next week for oil and gas exploration. The move comes after the Cypriot government struck a deal with US energy firm Noble for gas exploration off Cyprus.

AP - Turkish Energy Minister Taner Yildiz says the country is hoping to sign a deal with Shell next week to explore for land and offshore oil and gas resources.

Turkey has recently carried out seismic search for fuel sources in the Mediterranean in retaliation for a Greek Cypriot search, which Turkey opposes on the ground that it undermines the rights of Turkish Cypriots.

U.S. firm Noble Energy said Tuesday that exploratory drilling off the coast of Cyprus may yield between 3 to 9 trillion cubic feet of natural gas.

It is not clear where a joint search with Shell would concentrate but Turkey and Greece also have long-running disputes over delineating the Mediterranean and Aegean seas for exploration.
 

Date created : 2011-11-16

  • TURKEY

    Turkey to begin oil exploration amid Cyprus tensions

    Read more

  • CYPRUS-TURKEY

    Turkish ship sets sail for controversial oil exploration

    Read more

  • CYPRUS

    Cyprus offshore drilling begins despite Turkish threat

    Read more

COMMENT(S)