Turkish Minister of Energy and Natural Resources Taner Yildiz has arrived in the Turkish Republic of Northern Cyprus to attend the signing ceremony of an agreement regarding the licenses issued for the Turkish Petroleum Corporation on oil zone services and the share of production. The agreement was signed between the TRNC Minister of Economy and Energy Sunat Atun and the Turkish Minister today.The agreement will allow the Turkish Petroleum Corporation to do three dimensional seismic research and drilling within the TRNC territory as well as its surrounding waters.It will come into force following the approval of the TRNC Parliament.Turkish Minister of Energy and Natural Resources Taner Yıldız noted that the Continental Shelf Delineation agreement signed between Turkey and the TRNC was a necessary step in terms of benefits of the two countries.
Yıldız also highlighted the importance of the oil zone services and the share of production agreement signed between the two countries today and expressed the belief that works that will be carried out between Turkey and the TRNC will produce positive results.