Energy: Qatar-Cyprus agreement for oil exploration

Agreement bothers Ankara, an ally of Arab country

13 December, 17:30

    (ANSAmed) - BEIRUT, DECEMBER 13 - Qatar's national oil company, QatarEnergy, has signed with the government of Cyprus an agreement for energy exploration off the coast of the Mediterranean island, according to pan Arab media, which quoted a statement released by Doha's news agency.

    Qatar is among the top energy producers in the world and it is particularly rich in natural gas reserves. The sources added that the accord was reached by the Cyprus government with a series of companies that are part of the Qatari energy company, together with US giant ExxonMobil. The agreement provides for the exploration and sharing of energy production in the Block 5 maritime area south-west of Cyprus.

    The accord - the second between Doha and Nicosia in a few years - comes a few days after the visit to Qatar of Turkish President Tayyip Recep Erdogan. Turkey and Qatar are connected by a tactical alliance, also founded on the convergence of interests and ideological visions. But Ankara, which since 1974 has been militarily present in a part of Cyprus and which is openly hostile to the government of Nicosia, has long started exploring for energy in the eastern Mediterranean, in areas claimed by both Cyprus and Greece.(ANSAmed).

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