Bloomberg News

Turkey to Start Cyprus Oil, Gas Exploration in Two Months

December 09, 2011

Dec. 9 (Bloomberg) -- Turkish Energy Minister Taner Yildiz said Turkey will start oil and gas exploration in Famagusta on Northern Cyprus within two months, NTV reported.

Turkey, which has been looking for oil and gas in the eastern Mediterranean off the divided island, will merge its water and land explorations in Northern Cyprus, Yildiz said in televised comments today. He said Turkey will start drilling as it reviews results from seismic studies.

To contact the reporter on this story: Emre Peker in Ankara at epeker2@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net


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