Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Ebola: Mali's first case dies

Read more

MEDIAWATCH

Queen Elizabeth tweets

Read more

THE WORLD THIS WEEK

The world this week - October 24 2014 (part 2)

Read more

THE WORLD THIS WEEK

The world this week - October 24 2014

Read more

FRANCE IN FOCUS

Art rocks and shocks Paris

Read more

#TECH 24

Samsung's Gear VR Reviewed

Read more

#TECH 24

How to become a Cyborg

Read more

ENCORE!

Paris rediscovers Picasso

Read more

#THE 51%

Should freezing your eggs be a company benefit?

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)