North Cyprus News | Online News for North Cyprus

Turkey to begin exploratory drilling in the Med by the year’s end

Turkey to begin exploratory drilling in the Med by the year’s end

June 09
17:37 2017

Turkish Energy and Natural Resources Minister Berat Albayrak announced the start of the first exploratory drilling for natural resources in the Mediterranean before the end of the year.

Albayrak and the TRNC Minister for Economy and Energy Sunat Atun visited the ‘Barbaros Hayrettin Paşa’ seismic research vessel that is operating off the Cyprus coast.

While aboard the vessel, the Turkish energy minister announced that by the end of the year, the first drilling activities will take place in the Mediterranean and the Black Sea.

I suspect that by the third quarter or the fourth quarter of the year we will achieve this,” said Albayrak.

The vessel had completed two thirds of its 3D seismic research surveying off the coast of Famagusta, Minister Albayrak, said adding that they expect that by the end of the month, all 3D seismic research activities in the area will be completed.

He said that Turkey would continue its research and drilling activities not only in Turkey but in Northern Cyprus as well.

Turkey has to carry out an effective process in the Mediterranean because there is potential in the Mediterranean” said Albayrak and added that this potential in the last 15 to 20 years had led to the beginning of a new process in the world’s petrol and gas markets.

BRT

 

Local Weather

Kyrenia, Cyprus
14°
18°
Mon
16°
Tue
18°
Wed
15°
Thu
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.7591
EUR
EUR
4.7052
GBP
GBP
5.3090

Upcoming Events

  1. Exhibition of Turkish Cypriot Artists

    January 25 @ 9:00 am - February 23 @ 5:00 pm
  2. Church Services

    February 18
  3. NCCCT Bingo Night

    February 18
  4. Whirling Dervish

    February 19