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Showing posts with label Energy. Show all posts
Showing posts with label Energy. Show all posts

Sunday, April 06, 2014

Turks figured out that they invaded wrong geographic region of Cyprus

No hegemonic peace in Cyprus by Marios L. Evriviades

If NATO today trots out the principle of Ukraine’s territorial integrity and sovereignty to condemn Russia, how come it doesn't condemn Turkey when it comes to the territorial integrity and sovereignty that Cyprus is equally entitled to? Professor Marios L. Evriviades revisits the Turkish plan and analyzes where it went wrong.

Almost forty years to the date, the Turks finally figured out that they had invaded the wrong geographic region of Cyprus. Cyprus’s power wealth, its hydrocarbons, have been found to be located in the Exclusive Economic Zone (EEZ) off its southern shores and not in its northern ones, where the NATO-trained and US-supplied Turkish army attacked massively in 1974. Since then and for decades the Turks persistently and stubbornly insisted that whatever the Cyprus problem, it was permanently solved in 1974. These days they are not so sure. And they have turned peace advocates. Or so it seems.

The double irony is that if one were to believe Ankara’s 1974 propaganda, namely that they were not “invading” but that they were merely launching a “peacekeeping operation” to secure the safety of their coreligionists, who were allegedly under threat of instant massacre by their blood thirsty compatriots, then it was the southern part that they should have attacked in the first place! For it was in the southern districts of Limassol and Paphos that the vast majority of the allegedly threatened 100,000 or so Turkish Cypriots lived. They did not live in the Kyrenia district and the Karpass or Morphou regions, that were the targets of the 1974 attack by Turkey.

In fact the autochthonous Greek Cypriot population in the presently Turkish-army occupied part of Cyprus numbered close to 200,000 souls. This is a figure that is twice as large as the total number of Turkish Cypriots who, prior the 1974 invasion, were intermingled with the Greek Cypriots throughout the island but, significantly, constituting nowhere a regional majority (except in a very few villages) . And in July 1974, when the Athens junta- organised coup occurred against the legitimate government of the Republic, they were hardly under any threat, lest one of massacre (“genocide” is Ankara’s favorite term).

Friday, April 04, 2014

Returning ghost town will be the key to a successful conclusion of peace negotiations

Foreign Minister Ioannis Kassoulides has said in an interview with our television station that the return of the fenced off city  Famagusta by Turkey will be the key to a successful conclusion of peace negotiations.

Kasoulides said that only something big in the form of confidence building would convince public opinion that Turkey had the will for a solution.
He also said that two or three more negotiating sessions are needed for the two sides to present a complete set of proposals on a solution and a long period of detailed negotiations will follow to bridge differences.

Kasoulides categorically stated that Turkey cannot prevent Cyprus from exploring and exploiting hydrocarbons in its marine exclusive economic zone.

He added that the discovery of hydrocarbons has a large bearing on Cypus' regional policy.

Kasoulides said that relations with Russia remain excellent despite the Ukraine crisis.

He added that he conveyed some important messages to EU chief of foreign affairs Catherine Ashton from his Russian counterpart, Sergei Lavrov, with whom he met recently in Moscow.

Sunday, April 14, 2013

All Eyes on Cyprus



Guten Morgen, my fellow bloggers.  I am alive and well and practicing my German… Has anyone heard any news about Cyprus these past few weeks? ;)

We, here, in the money laundering island are doing well, thank you for asking… Reading some of the articles in the warped media make it sound like the Russian Mafiosos have swarmed Cyprus.

I can understand how people may think this is a true representation because some of our EU partners have claimed that Russian funds were deposited and invested in Cyprus via illicit means, but it appears those very same governments are now enthusiastically spreading their arms wide open and encouraging relocation of these so called “illicit” funds into their own economies…  Shock… Shock, I say!

On a bright side of things – if you can call it that – people around the globe now know where Cyprus is on a map… am I right?!  Individuals from jewelers who follow the spot price of gold,  to educators to investors to politicians, have all been focusing in the events taking place on this island these past few weeks…

There was a “running joke” that if Turkey were to make a dash for more land or gas deposits located in the south of the island, people around the globe wouldn't even know where Cyprus is located, let alone hear it on the news, but all of that has changed now…

Cyprus had banking issues; the market reacted.  Cyprus planning to sell its gold reserve; gold prices drop.  It clearly goes to show that Cyprus is part of the global economy, and going forward, Ankara should be fully aware of that.

Instead of threatening, it should be extending a hand of reconciliation… instead of sending and reinforcing troops to the northern part of the island, it should comply with international laws and obligations.  While we now have the global media’s attention on this island now looking for the mob bosses digging holes to secure their illegal money, maybe some in the warped media can now actually report some real news like the next time a Turkish war plane flies over the Republic of Cyprus.  Hey, it could happen…

It goes without saying, these past few weeks have been trying times for Cyprus, however with the media conversing on this island seeking blood, instead saw people waited in line at banks in a civilized manner and there were no towns burned down… For shame!  I guess the media came down here for a holiday which is a good thing because we need the money…  And yes, our world renowned hospitality still exists.

In short, Cypriots survived and hold their heads high after the Turkish invasion… and we can do it again.

Abschied!  That is, “goodbye” in German, my fellow bloggers… I know… it sounds a lot like Ape shit.  Ha!


Friday, June 15, 2012

US Congresswoman Ros-Lehtinen: Time for Turkey to leave Cyprus in peace

(Rep. Ileana Ros-Lehtinen, Florida Republican, is chairman of the House Foreign Affairs Committee)

Long-standing occupation amounts to annexation

(The Washington Times) - Since its invasion of Cyprus in 1974, Turkey has claimed that it was acting as a protector and guarantor of the island’s security. But a closer examination of its actions on Cyprus indicates motivations of a very different character. Turkey’s invasion resulted in hundreds of thousands of Greek Cypriot refugees, who have been unable to return to their homes for almost 40 years. The international community has repeatedly condemned the illegal military occupation of Cyprus by Turkish troops. The United Nations Security Council has passed 75 resolutions calling for Turkey to allow Greek Cypriots to return to their homes and to withdraw its troops from Cyprus. Yet Turkey continues its occupation.

More than 40,000 heavily armed Turkish soldiers are occupying the northern part of the country, with one Turkish soldier for every two Turkish-Cypriots. The presence of this overwhelming force cannot be justified by the claims that they are needed to prevent any renewal of violence. In fact, since the 2003 opening of the border between the two communities, more than 17 million intercommunal visits have occurred without conflict.

The result of this occupation by foreign troops is that many Cypriot neighborhoods in the occupied areas remain vacant or in a state of disrepair. One of the most tragic examples is the Varosha region of Famagusta. Once an important commercial and tourism center for the island, Varosha was fenced off following the invasion, and access has been prohibited for all except Turkish military forces. Over the years, this area has become a virtual ghost town.

The desolation of Cypriot properties and cultural sites is not restricted to Varosha but is a reality in all the areas under Turkish military occupation. In fact, an estimated 520 Greek Orthodox churches and chapels, and 17 monasteries in the occupied areas have been pillaged, vandalized or destroyed. Often these religious sites have been converted into stables, bars, nightclubs, casinos or hotels, leaving more than 15,000 religious artifacts unaccounted for. This widespread destruction of Cypriot historic, religious and cultural identity certainly does not seem like the behavior of a “protective guardian.”

Follow us: @washtimes on Twitter

Thursday, December 22, 2011

Noble Energy’s Cyprus Drilling Beat Expectations, Politis Says

(Bloomberg) - The results of Noble Energy Inc. (NBL)’s exploratory drilling for oil and gas in Cyprus’s Block 12, which began in September, exceeded expectations, Politis reported today, without saying where it got the information.

The hydrocarbon reserves in Block 12 are comparable to those of Israel’s Leviathan site or larger, the Nicosia-based newspaper said on its website.

Cyprus before historic decisions for its future

(Famagusta Gazette) - Cyprus will have to take momentous decisions and take bold steps forward, which will potentially mark its course in history and reshape its strategic importance, Minister of Foreign Affairs Erato Kozakou Markoullis said in a speech titled “Cyprus in the Eastern Mediterranean: Strategic Location, Strategic opportunities” at the Director’s Forum of Woodrow Wilson Center.

Markoullis pointed out that developments in Cyprus will have an effect on its neighbourhood, since Cyprus is now in an unusual position of having greater say in its future, and being in a position to effect change.

“Indeed, a number of important factors appear to be coming together, and if this confluence, this convergence of interests is harnessed properly, the opportunities, for Cyprus, its partners and its neighbours can have enormously positive results”, she said.

Referring to the start of drilling operations by a Republic of Cyprus licensed US company, Noble Energy, within the country’s Exclusive Economic Zone, in search of natural gas deposits, she said that initial findings have already shown positive results ranging between 3-9 Tcf of natural gas and official estimates are expected by the end of the year.

As regards developments in the discovery of hydrocarbon reservoirs in Israel and Cyprus, she said that they are significant on a number of levels.

“The positive results of the drilling in Israel and the preliminary results in Cyprus prove beyond doubt that the geological surveys and estimates on the presence of large quantities of hydrocarbons in the Levant basin, but also in the area south of Cyprus, have merit”, she said. She added that from an economic point of view the significance is great, since it will imply greater interest by other international companies for the second round of bidding to gain licenses for exploratory drilling in other parts of the Cypriot EEZ, and will also serve as a catalyst for financial investments in Cyprus.

Secondly, she said that once natural gas and possibly also oil are found in quantities and in quality that justifies further investments, this will lead to job creation, something that will also involve directly the economies of Cyprus' neighbours.

Markoullis also said that the momentum that will be created by the sort of investment in infrastructure and financial structures for the servicing of the energy industry, will serve as a catalyst towards greater cooperation among neighbours.

“The possibility of joint exploitation between the countries of the Eastern Mediterranean and the launching of joint projects, particularly in areas where the natural gas or petroleum fields fall across the line separating EEZ, not only does exist, but we are promoting this cooperation through Framework Agreements we are currently negotiating with Israel, Egypt and Lebanon concerning the Joint Development and Exploitation of Cross Median Line Hydrocarbons Reservoirs”, she said, adding that this kind of cooperation could become an indispensable tool that has the potential to change the whole political and economic scene of the entire region.

The Cypriot Minister has also expressed the position that hydrocarbon resources in the Eastern Mediterranean will contribute towards greater energy security for Europe.

“As a member state of the EU we have a stake in its success. We believe that potential deposits of hydrocarbons in our Exclusive Economic Zone will benefit Europe, its economy, and by extension its international standing. Therefore, we look forward to cooperating closely with our European partners and linking them to our partners in our immediate neighbourhood, and possibly beyond, in establishing greater energy security, and by extension, broader economic security and stability”, she said.

Referring to bilateral agreements Cyprus has signed with Egypt, Lebanon and Israel for delineating of their Exclusive Economic Zones, she said that these agreements have introduced a new stabilizing dimension to the politics of the region.

The Foreign Minister pointed out that a Cyprus which is a member state of the European Union, a responsible actor within the international system, and which has good and constructive relations with its neighbours can serve as a catalyst for cooperation on the regional level and also offer the necessary platform for greater peace, stability and prosperity in the Eastern Mediterranean.

Referring to Turkey’s attitude and behaviour towards Cyprus, she said that the start of exploratory drilling in the Cypriot EEZ sparked a tirade of anger on the part of Turkish leaders, at the highest levels. Markoullis explained that the decisions and actions of the Republic of Cyprus to explore and exploit its natural resources within its EEZ are entirely legal falling within its sovereign rights as recognised by the UN Convention on the Law of the Sea, all EU member states and by all Permanent and Non-Permanent Members of the UN Security Council.

She referred to “blatant threats of violence and saber rattling which involved Turkish warships and aircraft, air and naval exercises in the sea south of Cyprus, and illegal seismic surveying and seabed mapping, carried out by ships on behalf of Turkey inside our EEZ in blatant violation of Cypriot sovereign rights”. She also mentioned the signing by Turkey of an agreement with its proxy in the occupied part of Cyprus, an agreement which seeks to create the semblance of legality in what cannot possibly be legal.

“But Turkey does not stop there. Its newfound confidence, based on real or imagined successes, its economic growth, and, I am sorry to say, the unbridled support it receives in some countries, has given rise to a neighbourhood bully”, she said.

Markoullis said that Turkey cares very little about the Turkish Cypriots and a great deal about its own selfish interests.

“It is even making claims for an imagined EEZ of its own which in some places borders on the EEZ of Egypt! It would be no exaggeration to say that Turkey is not just violating international law; it is following a conduct in international relations which belongs to another century, before international law was put in place to guide relations between states”, she said.

Reminding Cyprus’ support for Turkey’s European aspirations, she expressed her disappointment when seeing Turkey failing to progress along its European path.

“The negotiation process is not progressing; in fact it has remained frozen, because Turkey is failing to meet the European standards and its commitments to the European Union. It is failing because, like in international law, Turkey wants to dictate its own terms to the European Union”, she said.

“We are hopeful that the Turkey, which aspires to be recognised as a regional if not a global leader, will rise to the occasion. We are hopeful that the Turkish leadership will put aside polemics, diatribes, threats, and adopt a more mild and statesmanlike tone and attitude. We believe that there is room for Turkey to cooperate with its neighbours, out of genuine desire toward common ground and mutual benefit. To do that, Turkey must meet its obligations vis a vis the European Union. It must meet its obligations in terms of international law”, she said.

Referring to the UN-led direct talks for a solution in Cyprus, she said that after three years and 120 direct meetings between the two leaders, there is still no substantive progress on the most crucial issues of the executive powers in the governance chapter, as well as in the refugee, property, territory and citizenship chapters.

She explained that the main stumbling block has all along been the position maintained by the Turkish Cypriot side, fully supported by the Turkish Government, that the goal should not be a federation, in the form of one unbreakable federal state, with a single sovereignty, single international personality and single citizenship, as has been agreed and endorsed by the international community, but a confederal arrangement between two separate states with separate sovereignties.

“Despite the difficulties and obstacles on the way, we continue to persist in our efforts to reunify our country in the form of a bizonal, bicommunal federation”, she said.

She added that the developments from the hydrocarbon discoveries in Cyprus’ EEZ, the prospects for prosperity for all Cypriots once reunification is achieved appear tremendous and should work as a catalyst in the direction of moving forward the talks towards reaching an agreement. She expressed the hope that Turkey, which could significantly benefit from a likely cooperation with a reunited Cyprus in all sectors, but primarily in the energy field, will grasp the message of peace, stability and prosperity.

Sunday, October 11, 2009

Wind farm first for Cyprus

(Cyprus Weekly) - By Lucie Robson

The ground breaking ceremony for Cyprus’s first wind farm took place in the Orites area of Paphos on Wednesday marking a significant milestone in the island’s development of its renewable energy capability.

“This occasion marks a historic day for the progress of our country towards ‘green development’,” said House President, Marios Garoyian at the ground-breaking.

The first such installation of its kind in Cyprus, the wind farm is expected to be operational by the end of 2010 and will produce 8% of the island’s total energy capacity.

The wind farm is located on the Orites Mountain on a site spread over 16 square kilometres.

The project has a capacity of 82MW in its first phase, with approved capacity for 140MW when complete.

Orites, the first private-sector power project on the island, is also the first to benefit from the new 20-year fixed rate tariff that has recently been approved by the Government of the Republic of Cyprus and the European Commission. Construction began last month, with operations scheduled to start at the end of 2010.

Managed by DK Wind Supply Ltd, financing for the project was secured by Platina Partners LLP, a private equity fund advisor specialising in renewable energy.

Financing for the project was secured by Platina Partners. Debt financing was arranged by Commerzbank, ING and Nord LB, with EIB providing 50% of the debt.

The ceremony was attended by Akis Ellinas, Chairman of DK Wind Supply, Thomas Rottner and Emma Collins of Platina Partners, House President, Marios Garoyian, Interior Minister Neoklis Sylikiotis, EIB Vice-President, Plutarchos Sakellaris and Deputy High Commissioner for Cyprus, Brian Olley.

The blessing was given by the Senior Diocesan Official Father Geronimo.

In an official statement, Ellinas spoke of the benefits of wind power: “At a time when climate change climbs to the top of the political agenda, wind energy continues to be the only advanced technology ready and able to deliver renewable power on a large scale,” he said.

“Our project is the biggest investment in renewable energy and the first wind energy investment in Cyprus. It represents an investment amounting to €170m.”

Orites is expected to save Cyprus from a hefty EU fine on CO2 emissions and will help the island meet its quota of 6% renewable energy production in 2010.

The project will contribute significantly to the Government’s target of producing 13% of its electricity from renewable sources by 2020. It also represents 27% of the required installed wind energy capacity of 300MW by 2020. The implementation of the project was mindful of environmental aspects and is bringing together know-how from leading EU companies including Vestas and Siemens.

“Financing the first renewable energy project in Cyprus was an exciting challenge and we are delighted to have helped secure the first wind project on the island,” said Thomas Rottner of Platina Partners.

“As well as being an important milestone in the continuing expansion of Platina’s European renewable energy portfolio, the success in financing Orites in tight debt markets demonstrates that credit is still available for the best projects.”


Future of renewable energy finance

EIB Vice-President, Plutarchos Sakellaris, spoke of the future of the bank’s financing of renewable energy projects.

“Orites is the largest and most advanced wind farm in Cyprus. It paves the way for further developments in the sector, and brings the Cypriot Government closer to its target and EU’s objective for renewable energy production,” he said.

“The EU objective for renewable energy will be a major challenge, as the required investment could be in the order of €600-700b up to 2020. We at the EIB are ready to play a strong and active role in supporting the Member States’ efforts with adequate funding and adapted finance products.”

Cypriot and British business cooperation was highlighted by British Deputy High Commissioner, Brian Olley.

“I welcome the collaboration between Cypriot and UK companies - the sharing of expertise and know how - which has helped make this possible,” he said.


Green initiatives stressed

The launch comes just days after an EU conference on renewable energy took place in Paphos which was attended by key stakeholders from Cyprus and Greece.

Speaking at the conference, the Swedish EU Presidency stressed the need for business to embrace ‘green’ initiatives.

“It is impossible to develop our economies without firm action on climate and the environment,” it said. “A low carbon economy is the only way towards growth.”

Saturday, May 30, 2009

US firm gets the nod to start oil and gas exploration off the coast of southern Cyprus



The Republic of Cyprus has authorized "Noble Energy", a United States firm, to start searching for oil and gas deposits off the Cypriot coast. Director of the Energy Department of the Ministry of Commerce, Industry and Tourism Solon Kassinis said the government granted a license to the Houston, Texas-based company last year to explore one of 11 blocks inside the island's exclusive economic zone. The block is close to a large undersea gas deposit that Noble located off Israel, which according to the company's Web site is estimated at 5 trillion cubic feet. Mr. Kassinis said the discovery raises optimism about gas potential inside Cyprus' zone that covers 51,000 square kilometers of seabed.

Wednesday, August 22, 2007

The US State Department rejects Turkey’s threats on Cyprus oil

The European Union and now the US State Department have rejected Turkey’s threats on Cyprus oil. Turkey has threatened military action in order to prevent drilling off Cyprus southern cost. These threats were made as a response to the Republic of Cyprus decision to grant drilling rights to foreign operators. Yes, this is the same Turkey that aspires to join the EU club as it actually sees itself as an island of civilization in an ocean of backwardness and deprivation. Funny stuff. Here is what the US State Department had to say:

Question: The Republic of Cyprus has recently announced a partnership to obtain oil and gas exploration licenses in the Mediterranean Sea. What is the United States’ position on Cyprus’ request for bids? Is a US-based company among the bidders? Does the US company need to consult with the U.S. government before submitting its bid?

Answer: The Republic of Cyprus (ROC) has announced the results of bids to obtain oil and gas exploration licenses in Cyprus' exclusive economic zone. An American firm is among the bidders. The ROC is a sovereign nation with the right to request bids for oil exploration within its own economic zone. The involvement of U.S. firms in such investment is a business decision.

2007/707

Released on August 21, 2007