TRNC HAS THE RIGHT FOR THE EXPLORATION OF NATURAL RESOURCES IN ITS EXCLUSIVE ECONOMIC ZONE .
The Minister of Economy and Energy Sunat Atun has stressed the need for restructuring the strategic Cyprus Turkish Electricity Authority. Touching upon the oil and gas exploration project which is planned to begin off the northern coast of Cyprus, Mr. Atun called on the Greek Cypriot side and said “if they want they are welcome to join us in our search for oil and gas.”
Speaking on the Aksama Dogru program on Bayrak Haber yesterday, Mr. Atun said the Turkish Republic of Northern Cyprus and countries it has entered into agreements with have the right to explore for natural resources in the TRNC’s exclusive economic zone.
Pointing out that the water and electricity projects are important issues for the government, he said the cooperation protocol between Turkey and the TRNC on the field of energy involves the restructuring of the cooperation between the two countries and working together on the fields of modernization and investment.
Noting that a serious decision has been made for bringing electricity to the country from Turkey via cable, the Minister said feasibility and technical works on the energy project has reached its final stages.