Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

ENCORE!

Haute Couture: the hand-stitched clothing made in Paris that sells for the price of small yachts

Read more

  • Netanyahu resists international pressure to stop air strikes on Gaza

    Read more

  • Ukraine promises retaliation after rebel assault

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

  • Kurdish forces take over two oilfields in northern Iraq

    Read more

  • Are French high school students getting smarter?

    Read more

  • Italy’s Trentin wins seventh stage of Tour de France

    Read more

  • Disgraced Suarez leaves Liverpool for Barcelona

    Read more

  • In pictures: Chanel, Dior and so much more at the Paris couture shows

    Read more

  • French ‘Civic Service’ eyes massive expansion amid huge demand

    Read more

  • In Pictures: Petrol station hit by Hamas rockets

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

Europe

Turkey signs oil and gas deal with Shell

©

Text by News Wires

Latest update : 2011-11-23

Royal Dutch Shell on Wednesday signed a deal with Turkey’s state petroleum company for oil and gas exploration, potentially stoking tensions with Greek Cypriots, who recently launched their own searches.

AP - Royal Dutch Shell on Wednesday signed a deal with Turkish state-run petroleum company, TPAO, to search for oil and gas offshore in the Mediterranean and onshore in Turkey’s southeast region.

The deal allows the companies to search for oil and natural gas and to produce and share any discoveries. Offshore search efforts will concentrate off the Mediterranean coast of Antalya.

“God willing, we will reach important signs and with these signs ... TPAO, will reach gas and oil discoveries,” Energy Minister Taner Yildiz said.

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

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

Turkey and Greece also have long-running disputes over delineating the Mediterranean and Aegean seas for exploration.

Taner said however, the deal signed Wednesday was “technical work far from any political speculation.”

“We hope that (the deal) will be beneficial to both our country and to Shell,” Yildiz said.

Date created : 2011-11-23

  • TURKEY

    Turkey to sign oil, gas deal with Shell

    Read more

  • TURKEY

    Turkey to begin oil exploration amid Cyprus tensions

    Read more

  • CYPRUS

    Cyprus offshore drilling begins despite Turkish threat

    Read more

Comments

COMMENT(S)