North Cyprus News | Online News for North Cyprus

Turkey to resume seismic explorations in the Med

Turkey to resume seismic explorations in the Med

March 09
15:26 2017

Turkey will begin seismic exploration of oil and natural gas resources in the Mediterranean and the Black Sea this year, Energy and Natural Resources Minister Berat Albayrak has said.

We will take steps this year toward exploring and drilling in the Black Sea and the Mediterranean Sea,” Albayrak told Anadolu Agency.

After our first seismic exploration vessel Barbaros Hayrettin Paşa, our second vessel will actively conduct 2-D and 3-D seismic exploration in both of our seas,” he added.

Barbaros Hayrettin Pasa explored oil and natural gas resources two years ago off the coast of Cyprus, but its activities were interrupted in March 2015 when tensions rose between the Greek Cypriot administration and the TRNC government over ownership of the resources. Since that time, the TRNC government has stated that the island’s resources belong to both communities.

Albayrak said that Turkey was entering a new phase and would “realise new investments by taking significant steps in the energy sector.” Over 60% of the world’s oil and natural gas lie in Turkey’s region, he noted.

Hurriyet

 

Local Weather

Kyrenia, Cyprus
10°
17°
Fri
17°
Sat
14°
Sun
15°
Mon
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.7913
EUR
EUR
4.6725
GBP
GBP
5.3027

Upcoming Events

  1. Exhibition of Turkish Cypriot Artists

    January 25 @ 9:00 am - February 23 @ 5:00 pm
  2. Whirling Dervish

    February 22
  3. Famagusta Market

    February 22
  4. Lemar Market

    February 22 @ 6:00 pm - 10:00 pm