AGL 40.18 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.31 Increased By ▲ 0.27 (0.21%)
BOP 6.58 Decreased By ▼ -0.09 (-1.35%)
CNERGY 4.50 Decreased By ▼ -0.01 (-0.22%)
DCL 8.52 Decreased By ▼ -0.03 (-0.35%)
DFML 41.90 Increased By ▲ 0.46 (1.11%)
DGKC 87.60 Increased By ▲ 0.75 (0.86%)
FCCL 32.56 Increased By ▲ 0.28 (0.87%)
FFBL 65.01 Increased By ▲ 0.21 (0.32%)
FFL 10.26 Increased By ▲ 0.01 (0.1%)
HUBC 109.50 Decreased By ▼ -0.07 (-0.06%)
HUMNL 14.60 Decreased By ▼ -0.08 (-0.54%)
KEL 5.12 Increased By ▲ 0.07 (1.39%)
KOSM 7.57 Increased By ▲ 0.11 (1.47%)
MLCF 41.65 Increased By ▲ 0.27 (0.65%)
NBP 59.71 Decreased By ▼ -0.70 (-1.16%)
OGDC 193.75 Increased By ▲ 3.65 (1.92%)
PAEL 28.21 Increased By ▲ 0.38 (1.37%)
PIBTL 7.74 Decreased By ▼ -0.09 (-1.15%)
PPL 151.98 Increased By ▲ 1.92 (1.28%)
PRL 26.50 Decreased By ▼ -0.38 (-1.41%)
PTC 16.11 Increased By ▲ 0.04 (0.25%)
SEARL 83.50 Decreased By ▼ -2.50 (-2.91%)
TELE 7.65 Decreased By ▼ -0.06 (-0.78%)
TOMCL 35.39 Decreased By ▼ -0.02 (-0.06%)
TPLP 8.11 Decreased By ▼ -0.01 (-0.12%)
TREET 16.00 Decreased By ▼ -0.41 (-2.5%)
TRG 52.70 Decreased By ▼ -0.59 (-1.11%)
UNITY 26.31 Increased By ▲ 0.15 (0.57%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,953 Increased By 69.4 (0.7%)
BR30 30,908 Increased By 307.7 (1.01%)
KSE100 93,785 Increased By 429.6 (0.46%)
KSE30 29,050 Increased By 119.3 (0.41%)

Cyprus on Sunday accused Turkey of "piracy" after Ankara announced new plans to drill for oil and gas in the divided island's maritime zone, despite the threat of EU sanctions. "Turkey is turning into a pirate state in the eastern Mediterranean," the presidency said in a statement.

"Turkey insists on going down the path of international illegality it has chosen," it said. Ankara was "repeatedly ignoring calls by the international community, especially the European Union, to terminate its illegal activities" inside Cypriot waters.

Ankara announced Friday the drillship Yavuz would return to waters off Cyprus for drilling activities, a day after President Recep Tayyip Erdogan vowed Turkey would start gas exploration "as soon as possible".

The latest incursion into Cypriot waters was in block 8, licensed by Cyprus to energy giants Total of France and Italy's Eni, the president's office said. Last year, Turkey sent two drillships to search for oil and gas off Cyprus. This prompted EU leaders to warn Turkey that it would impose "targeted and appropriate" sanctions if it did not stop its "illegal activities".

The island has been divided between the internationally recognised Republic of Cyprus and the northern third under Turkish control since 1974, after Ankara's troops occupied the area in response to a coup sponsored by the Greek military junta.

Ankara says its actions abide by international law and that it is drilling inside its continental shelf. Turkey opposes unilateral moves of exploration activities by EU member Cyprus off the Mediterranean and says Turkish Cypriots have rights to a share of the island's offshore resources.

Total and Italy's ENI are heavily involved in exploring for oil and gas off Cyprus as is ExxonMobil of the US. Nicosia has gone ahead with expanding its energy search at a time when Ankara is opposed to it while there is no political solution for Cyprus.

Copyright Agence France-Presse, 2020

Comments

Comments are closed.