Cyprus Petitions The Hague to Safeguard Offshore Rights
|12/06/2019||Posted by BusinessMediaguide.Com under General World News||
Cyprus has petitioned the International Court of Justice (ICJ) in The Hague to safeguard its offshore mineral rights, its president said on Thursday, upping the ante with neighbor Turkey which disputes its claims.
Cyprus’s internationally recognized government discovered offshore gas in 2011 but has been at loggerheads with Turkey over maritime zones around the island, where it has granted licenses to multinational companies for oil and gas research.
Cypriot President Nicos Anastasiades said Cyprus is committed to protecting its sovereign rights with every legal means possible.
“Our recourse to The Hague has that very purpose,” he told journalists in Nicosia.
Turkey, which does not read more >>>