Cyprus ignores Turkey's threats

Cyprus: Turkey believes the ethnically-split island has no right to explore for oil and gas

Cyprus on Sunday vowed to continue to develop offshore natural gas reserves, accusing arch-rival Turkey of trying to stir tensions after warning multinationals off participating in the island's projects.

Sharpened rhetoric between the two neighbours bitterly divided by a war almost 40 years ago underscores tensions in the east Mediterranean over a potential oil and gas bonanza worth billions.

Reuters reported Cyprus saying on 30 October that it would start talks with multinationals including Italy's Eni, South Korea's Kogas, France's Total and Russia's Novatek for the potential development of natural gas fields to the island's south.

Turkey maintained that ethnically-split Cyprus had no right to explore for oil or gas. On Friday it warned Eni that it would review that firm's investment…

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