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EurOil                                      NEWS IN BRIEF                                             EurOil



       Reuters reported. “We don’t feel obliged to   Greek PM to meet with      two drilling ships, the Fatih and Yavuz,
       talk with those who do not have rights in                                to waters off Cyprus. The Greek foreign
       maritime jurisdiction zones.”       military chiefs after Turkey         ministry said the latest mission was a “new
         Turkey’s Barbaros Hayreddin Pasa,                                      serious escalation” and “exposed” Turkey’s
       a seismic survey vessel, was sent to the   sends seismic vessel to       “destabilising role”.
       region to fulfil its duties, he added. The                                 Last week, Greece and Egypt signed a
       ship moved into waters off Cyprus in late   disputed waters              deal to create an exclusive economic zone
       July. Meanwhile, the Turkish navy issued a                               (EEZ) in waters that contain oil and gas
       statement saying that the Oruc Reis vessel   Greek PM Kyriakos Mitsotakis called a   reserves. The deal conflicts with a rival
       would carry out a seismic survey in the   meeting with military chiefs on August   EEZ that Turkey and the internationally-
       area. The navy said the vessel would be   10 after Turkey issued an international   recognised government in Libya have
       operating in the area from August 10-23.  maritime alert, known as a Navtex, to   attempted to establish. Such zones can
         Writing on Twitter, Turkey’s Energy   inform all parties that it had sent a ship, the   extend for 200 nautical miles.
       Minister Fatih Donmez said that the   Oruc Reis, to conduct a seismic survey in a   The Republic of Cyprus has EEZ accords
       Oruc Reis had reached the location of   disputed area of the eastern Mediterranean.  with Lebanon, Egypt and Israel. They are
       operation.                             The mission of the vessel is to aid the   also related to the development of offshore
         Erdogan made the comments when    search for potentially rich oil and gas   energy resources.
       asked about an accord signed by Egypt   deposits south of the Greek island of   Separately, August 10 also saw the
       and Greece last week that designated an   Kastellorizo. The voyage of the Oruc Reis,   Greek City Times report that Cyprus and
       exclusive economic zone between the   accompanied by two auxiliary vessels,   France have signed a defence cooperation
       two nations in the east Mediterranean.   was suspended by Turkey last month   agreement.
       Diplomats in Greece said their agreement   amid mounting international concern.   The two-year Cyprus-France Defence
       nullified an accord reached last year   However, Ankara last week accused   Cooperation Agreement, said to have
       between Turkey and the internationally   Greece of breaching pledges it has made   taken effect on August 1, covers energy,
       recognised government of Libya.     in the pursuit of a resolution to rows over   crisis management, counter-terrorism and
         However, Erdogan said the Egypt-Greece   overlapping territorial claims in the eastern   maritime security cooperation between the
       accord was of no value and that Turkey   Mediterranean.There are also tensions   two countries.
       would sustain its agreement with Libya   around Cyprus over rival exploration   The leaders of the two countries have
       “decisively”. The Turkish Foreign Ministry   rights. The Republic of Cyprus and Greece,   also reportedly agreed to hold joint
       has alleged that the Egypt-Greece zone falls   which have received vocal backing from   exercises and organise mutual visits in the
       in the area of Turkey’s continental shelf.  France, do not accept any such rights for   framework of activities of the armed forces
                                           Turkish-controlled northern Cyprus in   of the two countries..
                                           the region, while Turkey says the claimed
                                           rights are legitimate. Last year Turkey sent















































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