Turkish Petroleum Corporation

Greece looks to gauge Turkey’s steps after Ankara-Tripoli pact

Following the controversial deal signed between Libya's UN-supported government and Turkey on maritime boundaries in the Eastern Mediterranean, which was condemned on Friday by European Union leaders for being in breach of international laws, officials in Athens are trying to establish exactly when and where Ankara will choose to escalate tension in the region by sending an exploration vessel t

EU proposes Turkey sanctions

European foreign ministers on Monday upped the ante against Ankara, heralding sanctions against companies and individuals involved in illegal prospecting for oil and gas in Cyprus' territorial waters while also committing to restricting arms exports to Turkey over its offensive in northern Syria. 

Turkey to retaliate against Greek Cyprus’ plan to arrest its drilling personnel

Turkey has protested over the Greek Cyprus' decision to issue international arrest warrants for crew members of Turkish drilling vessel "Fatih" and officials at firms partnered with state-owned Turkish Petroleum Corporation (TP) and vowed to retaliate by taking legal action on the matter.

Cyprus: 4-5 drillings in the next 12 months

Cyprus will have a clear picture of its subsea natural resources by the end of next year during which four or five drills are expected according to Energy Minister Yiorgos Lakkotrypis.

Speaking to the House Finance committee on Monday Lakkotrypis informed the MPs that the government is currently waiting to be informed by Italian energy giant ENI on its planned drilling dates.

No quick fix to Cyprus talks

Expectations for a quick fix to the crisis in the Cyprus talks process appear to have come to a dead end. Turkey is reiterating that under no condition will it agree to abandon support for the equal partnership rights of the Turkish Cypriot people on - as well as off - the island, with the Greek Cypriots.