The hydrocarbon riches of the Nile and Levant geological basins have already transformed the Egyptian economy and expanded Israel’s energy options, but the possibility of similar good fortune for Cyprus is being undermined by a dangerous Turkish power game. Apparently unable to find oil or natural gas in its own Mediterranean waters, Ankara has claimed rights in areas that the international community regards as part of Cyprus’s exclusive economic zone (EEZ). Israel and Egypt may be drawn into the growing diplomatic row, and a military clash with Turkey is possible.
According to the UN Convention on the Law of the Sea, …read more
Source:: The Washington Institute