11.12.2018 - 04:31 [ Daily Sabah ]

Second drillship expected to arrive in Mediterranean by end of January

After gas discoveries sped up in the region over the last decade, the regional countries have concluded bilateral maritime border demarcation agreements with the Greek Cypriot administration. For example, in 2010, Israel hammered out an accord demarcating maritime borders with Cyprus. The deal had naval security implications and set an official separation of hydrocarbon reserves claimed by Israel and Greek Cypriots who had already done the same with Egypt and Lebanon in 2003 and 2007, respectively.