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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.
TURKEY
Turkish Foreign Minister Mevlüt Çavuşoğlu, speaking at a joint press conference with Azerbaijani FM Bayramov says that Turkey will continue to 'defend' its rights in the Eastern Mediterranean.
- Comes as tensions between Turkey and Greece heat up once again in the Eastern Med.
- Turkey sent a research ship, the Oruc Reis, to waters south of the Greek island of Kastellorizo several days ago on the premise of carrying out seismic surveys to establish the location of potential hydrocarbon deposits.
- The ship was accompanied by two Turkish escort vessels, which may impact the Oruc Reis' ability to carry out the sensitive seismic surveys.
- The move comes days after Greece and Egypt signed documents confirming their 'exclusive economic zones' of control for hydrocarbon exploration in the region.
- Eastern Med remains a simmering hotspot in Europe, Middle East and North Africa, with Greece-Turkey and Turkey-EU relations particularly poor at present.
Map 1. Location Of Conflicting Hydrocarbon Claims In Eastern Mediterranean
Source: Petroleum Economist, S&P Global, BBC
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.
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