What is behind the Eastern Mediterranean oil and gas rush? | Counting the Cost

Tensions are rising as countries compete for control of oil and gas reserves in the Eastern Mediterranean.

On August 18, Turkey dispatched a drilling ship flanked by navy vessels to an area off the coast of Cyprus, deepening its disputes with Cyprus and Greece.

A war of words could spiral out of control as Greece and France send their warships to the contested region.

But carving up the riches of the Mediterranean could prove to be a costly mistake.

A Lebanese exploration well has come up dry, oil companies have delayed drilling and many nations are switching to renewables. Could this mean some countries miss out on the oil and gas bonanza?

Plus, does the crisis-hit World Trade Organization need a Brexiteer to run it?

– Subscribe to our channel: http://aje.io/AJSubscribe
– Follow us on Twitter: https://twitter.com/AJEnglish
– Find us on Facebook: https://www.facebook.com/aljazeera
– Check our website: https://www.aljazeera.com/


In This Story: Cyprus

Cyprus, officially called the Republic of Cyprus, is an island country in the Eastern Mediterranean.

The Republic of Cyprus is de facto partitioned into two main parts: the area under the effective control of the Republic, located in the south and west and comprising about 59% of the island’s area, and the north, administered by the Turkish Republic of Northern Cyprus, covering about 36% of the island’s area. Another nearly 4% of the island’s area is covered by a UN buffer zone.

The Sovereign Base Areas of Akrotiri and Dhekelia, remain under the UK’s control according to the London and Zürich Agreements.

The Republic of Cyprus has been a member of the Commonwealth since 1961 and joined the European Union on 1 May 2004.

2 Recent Items: Cyprus

Un chief's travels, gaza & other topics - daily press briefing (17 january 2024) 1

UN Chief’s travels, Gaza & other topics – Daily Press Briefing (17 January 2024)

Head of the UN Peacekeeping Force in Cyprus on the Country | Security Council | United Nations

In This Story: France

France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

6 Recent Items: France

Does it matter how young or old our politicians are?

Impact inflation, living costs have on birth rates and Canadians on parental leave

Global National: Jan. 19, 2024 | Health data shows influenza, COVID-19 cases decreasing in Canada

Tempers FLARE: SLY France ‘could SOLVE illegal immigration in a heartbeat’

Uganda, Gaza, Syria, Red Sea, & other topics – Daily Briefing (18 January 2024) | United Nations

Israel-Gaza: Aid package delivered to people in Gaza | BBC News

In This Story: Greece

Greece is a country in southeastern Europe with thousands of islands throughout the Aegean and Ionian seas. Influential in ancient times, it’s often called the cradle of Western civilization. Athens, its capital, retains landmarks including the 5th-century B.C. Acropolis citadel with the Parthenon temple. Greece is also known for its beaches, from the black sands of Santorini to the party resorts of Mykonos.

2 Recent Items: Greece

“”#greece is no longer a basket case” #davos #europe #shorts

Greece Plans ‘Significant’ Piraeus Bank Stake Sale, PM Mitsotakis Says

In This Story: Mediterranean

The Mediterranean Sea is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean Basin and almost completely enclosed by land: on the north by Southern Europe and Anatolia, on the south by North Africa, and on the east by the Levant.

2 Recent Items: Mediterranean

On board a U.S. Navy destroyer stationed in the Mediterranean Sea

Tod’s Pre-Spring 2024 advertising Campaign – A MEDITERRANEAN STORY

In This Story: Turkey

Turkey, officially the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeastern Europe.

Istanbul, which straddles Europe and Asia, is the country’s largest city, while Ankara is the capital. The majority of the population identifies as Turkish, around 20% identify as Kurdish.

3 Recent Items: Turkey

Midnight FLIT! – ‘Humza Yousaf denies Erdogan invite linked to Turkey helping family flee Gaza’

Israeli footballer Jehezkel leaves Turkey after detention | DW News

What Israelis, Palestinians, US and others say about ‘the day after’ the Gaza war | DW News

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.