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Free AccessErdogan Directs Ship To Sail To East Med To Start Drilling
In a speech to his Justice and Development Party (AKP), Turkish President Recep Tayyip Erdogan stated that the drilling vessel Yavuz, after maintenance, is to set sail for the Eastern Mediterranean to begin new hydrocarbon drilling operations.
- The research vessel the Oruc Reis is already operating in disputed waters claimed by Turkey, Cyprus and Greece, escalating tensions between the historical adversaries.
- Regional partners and NATO allies have tried to de-escalate tensions in the region over disputed maritime borders and hydrocarbon drilling rights, but these have proved ineffective.
- The instruction to the ship Yavuz to sail to the disputed areas heightens the risk of overt conflict between Greek and Turkish naval forces.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.