Cyprus-Forum.com

[reportfromcyprus]

Looks like turkey has confirmed it will explore for oil: http://www.reportfromcyprus.com/Main-Articles/106.html

[karma]

yeah, very smart , both sides doing their best to have 1 more brilliant tourism season!
Lucky Spain

[reportfromcyprus]

yeah, very smart , both sides doing their best to have 1 more brilliant tourism season!
Lucky Spain

lucky Spain, good one

The Gaza Strip is going to look more attractive than Cyprus after all this.

[karma]

do they have to do all these crap in March or April every time??

[reportfromcyprus]

The timing is interesting, I wonder what's going on behind the scenes, Talat was talking about 'important' developments today.

[Sotos]

If we find oil who cares about some losses in tourism. We are talking about $400 billion here. I am sure Spain would choose the oil too

[reportfromcyprus]

I'm sure they would, Sotos

My hope is that exploration can be carried out peacefully. I was reading that Greece and Turkey went head to head on oil exploration in the Aegean, but both of them backed down and agreed not to explore (in the late 80's or early 90's).

[Piratis]

I was reading that Greece and Turkey went head to head on oil exploration in the Aegean, but both of them backed down and agreed not to explore (in the late 80's or early 90's).

Probably that was for the sea between Greece and Turkey. If the two countries could not agree for an undersea border, then any oil exploitation would be difficult.

However in this case the sea in question is not between Cyprus and Turkey, but between Cyprus and Lebanon, and Cyprus and Egypt. Cyprus has already agreed for the undersea border with those two countries and it is really not Turkey's business.

However what is a problem is the plan of Turkey to exploit oil between Cyprus and Turkey. For that to happen Republic of Cyprus and Turkey should agree for an undersea border between them. If that doesn't happen any exploitation by Turkey will be illegal.

[miltiades]

The RoC ought to make a clear declaration that any oil exploration and benefits from it are the property of all Cypriots and that T/Cs would also benefit from such discoveries.