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![]() Turkey Signs Deal with Shell for Oil, Gas Search in Mediterranean The deal allows the companies to search for oil and natural gas and to produce and share any discoveries
After Turkey’s energy minister’s criticism for the start of Greek and Israeli oil drills in the Mediterranean, Royal Dutch Shell signed today 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, Today’s Zaman reported.
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.
US 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." ![]() No published comments Login to comment |
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