Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 09, 2020

Turkey Resumes Offshore Exploration in Latest Row With Greece

Turkey resumed oil and gas exploration in the Mediterranean Sea days after the government said it would delay offshore surveys to seek a diplomatic resolution with Greece.

President Recep Tayyip Erdogan on Friday announced the decision to dispatch a seismic research vessel, after Greece signed a deal with Egypt to draw maritime boundaries between the two countries.

Turkey Holds Back Sea Survey to Defuse Tensions with Greece

Erdogan accused Greece of failing to abide by pledges that convinced Turkey to halt offshore work while German Chancellor Angela Merkel began mediating. The latest twist in the conflict in the eastern Mediterranean shows the gargantuan task awaiting Turkey and Greece as they try and negotiate a resolution.

The latest spat arose when Turkey said it would survey the seabed in an area that Greece says falls in its jurisdiction because of the nearby Greek island of Kastellorizo. The two sides rely on fundamentally different legal arguments to make their claims in the Mediterranean and Aegean Seas.

Here's What Is at Stake as Turkey-Greece Tensions Rise Again

Ankara argues that a country's continental shelf should be measured from its mainland, and that the area south of the Greek island -- just a few kilometers off Turkey's southern coast -- therefore falls within its exclusive zone.

Greece says that islands must also be taken into account in delineating a country's continental shelf, in line with the United Nations Law of the Sea, giving it the sole right to the area regardless of the island's proximity to Turkey. Ankara has not signed up to that law.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search