Libyan Court Suspends Controversial Oil And Gas Deal With Turkey - OILPRICE.com

Jan 11, 2023, 2:30 AM CST
Charles Kennedy

A Libyan court has suspended a deal for offshore oil and gas exploration that Libya and Turkey inked last year, a deal that sparked outrage from neighbors Egypt and Greece.

The deal concerned waters that Libya and Turkey have declared to be theirs but that are disputed by Egypt and Greece, Reuters noted in a report on the news that cited an unnamed source. The Libyan government can appeal the ruling, the source also told Reuters.

Greece’s Permanent Representative at the UN, Maria Theofili described the deal as one “violating the sovereign rights of Greece, is a violation of international law and a deliberate escalation that undermines stability in the region.”

Government optimistic of swift development of natural gas finds in Block 6 - CYPRUS MAIL

January 9, 2023

Elias Hazou

The government anticipates a speedy development of the natural gas finds in Block 6 of Cyprus’ exclusive economic zone (EEZ), Energy Minister Natasa Pilides said on Monday.

She was speaking to reporters coming out of a meeting at the presidential palace between President Nicos Anastasiades and representatives of TotalEnergies, headed by Laurent Vivier, the French multinational’s Senior Vice President for the Middle East and North Africa.

Queried about the discovery of two natural gas reservoirs in Block 6 – licensed to a joint venture of Total and ENI – Pilides said the government was in talks with the companies.

“It is still too early to have a specific plan, but certainly the intensive activity relating to the actions needed to be taken in 2023 will continue, and I think the whole process will move forward quite speedily.”