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Monday, February 07, 2022

Turkey expects tension to continue over EastMed oil and gasnote

Turkey expects tension to continue over oil and gas resources with Cyprus and other Eastern Mediterranean (EastMed) players.

This tension is likely unavoidable, as the need to compete for these large hydrocarbon deposits is key to the overall Turkish economic strategy.

New EastMed energy sources are essential to lower Turkey’s heavy reliance on imported oil and gas. The end goal is energy independence, which is also a foreign policy goal.

The area around Cyprus will remain a potential flashpoint...



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