Posted inAT Finance, Cyprus, Egypt, European Union, Iraq, Israel, Italy, Lebanon, Middle East, South Asia, Syria, Turkey, World

Showdown over drilling vessel off Cyprus could spur more talks

For two weeks this month, the oil and gas exploration ship Saipem 12000 lay rolling at anchor, some 80 kilometers off the southeast coast of Cyprus. The 60,000-tonne vessel, charted by Italian energy giant ENI, had not fallen victim to engine failure, fire or accident. Rather, with circling Turkish warships blocking its path, the Saipem had […]

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