ECONOMY

Turkey wants a compromise on natural gas mining off Cyprus.

Turkey wants a compromise on natural gas mining off Cyprus: In the dispute over natural gas exploitation off the coast of Cyprus, Turkey is giving in to pressure from the EU. The aim of Turkish Cypriots is now to organize mining together with the Greeks. 


In the dispute between the European Union and Turkey over gas drilling off the coast of Cyprus, the government in Ankara is seeking a compromise. The leader of the Turkish Cypriot Mustafa Akinci has proposed cooperation with the Greek Cypriot government on the two-part island, the Turkish Foreign Ministry announced on Saturday. The proposal was presented to the United Nations.


The thrust comes after the EU has targeted sanctions over Turkey’s move off the coast of Cyprus. The EU considers drilling to be illegal. Turkey has occupied the north of Cyprus since 1974, but only the government of Greek Cypriots in Nicosia is internationally recognized. The EU and its member state Cyprus consider an area of ​​up to 200 nautical miles around the island, the so-called exclusive economic zone, as their area of ​​influence. In the eastern part of the Mediterranean, they discovered large oil and gas deposits.

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Rowan Sinclair

Reporter Rowan Sinclair born and raised in NYC. She has written for Billboard, The Prague Post, and Passport Magazine. In regards to academics, Rowan earned his BBA from NYU. Rowan covers business and economy stories here at The Ticker Times. Tel: 206-332-0220 Location: 1304 6th Ave, Seattle, WA 98104, USA Email: [email protected]

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