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ExxonMobil and British Petroleum have been facing off over the terms of the renewal of the “contract of the century” in Azerbaijan, according to sources that spoke to Reuters. BP currently operates the Azeri-Chigar-Guneshi fields in the middle of the Caspian Sea—a region that contributes a tenth of the firm’s global output. The British company has reportedly agreed with the Azeri government on the terms of a 30-year contract, but in an effort to expand its presence in the ACG region, Exxon has been pushing for a piece of the $100 billion pie.

As Europe seeks to diversify its sources of natural gas as an alternative to the politically sensitive Russian supply, a massive off-shore gas source in the Mediterranean is ready for exploration and drilling. There are game-changing stakes at play. Unfortunately, the Turkish leadership has threatened to use force to stop this from happening. Last October, Turkey sent the BARBAROS, its geophysics exploration ship, accompanied by naval vessels, into the Cypriot Exclusive Economic Zone waters. In November 2014, Turkish naval commander Admiral Bülent Bostanoğlu threatened the use of force against Greece, while speaking on board a Turkish naval corvette in Greek...

The European Parliament's chief criticised Turkey Monday for threatening to freeze ties with the EU when the bloc's rotating presidency shifts to Cyprus, which Ankara does not recognise as a sovereign state. "I criticise this. This is not possible," said Martin Schulz, the European Parliament's president, who is in Ankara for an official visit. "I take note that a candidate state says to us we will not negotiate during the presidency of a member state of the European Union," he said. Cyprus takes over the six-month rotating presidency of the EU on July 1, and Turkey has threatened to freeze...

Turkey and Turkish Cyprus signed a deal on Wednesday in New York to establish a ground for offshore gas exploration in a move set to escalate the already high regional tensions over Mediterranean energy reserves and border issues. On Tuesday, the Greek Cypriot administration confirmed that drilling had begun in a southeastern offshore block, adjoining a gas field in Israeli waters reputed to be the world's largest gas reserves find of the past decade. With the latest agreement the ethnic Turkish northern half of Cyprus, Turkish Republic of Northern Cyprus, marked its marine borders with Turkey and will issue licenses...

Russia has sent two nuclear-powered submarines to patrol Eastern Mediterranean waters around Cyprus and enforce the island's right to explore for undersea oil and gas in its territorial seas, according to information from Defencenet.gr, citing a Russian FM spokesman.

As regional powers attempt to rise, other regional powers will react. This is particularly true in this era of globalization. Turkey is now riding a learning curve. Here is how the latest is unfolding. Turkey warned Thursday it will declare a border on the continental shelf if the island of Cyprus proceeds with offshore oil and gas drilling activities. The Foreign Ministry's announcement came a day after Cyprus President Dimitris Christofias announced that U.S. firm Noble Energy will soon begin exploratory drilling to confirm deposits beneath the sea bed off Cyprus' southern coast despite Turkey's attempts to prevent such a...

Turkish Prime Minister Recep Tayyip Erdogan has said that Syrian President Bashar al-Assad overshadowed his legitimacy. In a televised interview with the Al-Jazeera, Prime Minister Erdogan said, "when we came to the political power nine years ago, there was a 30-year resentment between Turkey and Syria. We made great efforts to improve relations with Syria with which we share 910 kilometres of border. We always proposed al-Assad to release political prisoners, make constitutional amendments and start multiparty system. Unfortunately, none of these reforms were made. I paid a visit to Aleppo earlier this year. I told al-Assad that we were...

Following are excerpts from an interview with Turkish Prime Minister Recep Tayyip ErdoÄŸan, which aired on the Al-Jazeera network on September 11, 2011. Recep Tayyip ErdoÄŸan: The measures we have taken are only the beginning. As you know, we have taken five measures, and we will see the results of these measures in the days, weeks, and perhaps months to come. Israel must realize that it is accountable for its actions, past and present. It will realize this. We have seen that Israel has never observed any of the resolutions issued by the UN General Assembly or Security Council. Israel...

*** The monument will be higher than the Statue of Christ the Redeemer in Brazil, the Statue of Liberty in USA and the Buddha Statue in ChinaMoscow, September 12, Interfax - 135-meter monument representing an angel with a dove will appear in southern shore of Cyprus near "fruit" capital of the island - town of Limassol. The idea of the project Good Angels of Peace symbolizing peace and charity has appeared in Russia five years ago. The monument will be higher than the Statue of Christ the Redeemer in Brazil, the Statue of Liberty in the USA and Statue of...

Throughout the 1990s, Turkish foreign policy analysts had an easy job. After all, Turkish foreign policy was predictable. Ankara cooperated enthusiastically with Washington, whether in the Middle East or in the Balkans. Turkey aligned itself with Israel and kept at arms length from Middle Eastern neighbors such as Syria and Iran. In Europe, Ankara traded heavily with the European Union (EU) but did not allow the EU to dictate foreign policy. The European Union's frequent allegations and criticism of human rights abuses in Turkey, especially with regard to Turkey's fight against Kurdistan Workers Party (PKK, Partiya Karkaren Kurdistan) terrorists, soured...

LUXEMBOURG (Reuters) - Voicing exasperation at Greek Cypriots for rejecting a U.N. plan to reunite their island, the European Union is looking for ways to reward the minority Turkish Cypriots for backing the plan. EU foreign ministers vented their frustration at Saturday's split referendum result as they arrived in Luxembourg on Monday for their last meeting before the bloc enlarges to admit 10 new members -- including a still divided Cyprus -- next Saturday. "We're all profoundly disappointed that this historic opportunity has been lost," EU External Relations Commissioner Chris Patten told reporters. "I don't think the leadership of the...

Attempted Genocide and Ethnic Cleansing in Cyprus	 By Michael Stephen, former British Parliamentarian (1992-97) The assertion by Mr. Christides (May 10, 1999) that there was no ethnic cleansing or attempted genocide of Turkish Cypriots by Greek Cypriots is ridiculous. Until influential Greek Cypriots come to terms with the appalling behavior of their community toward the smaller Turkish Cypriot community and stop trying to persuade themselves and the world that each side was as much to blame as the other, there will be no reconciliation in Cyprus. What did George Ball and Sir Alec Douglas say about the intentions of ...

Turkey says Pope Francis' description of the WW1 mass killing of Armenians as genocide shows "the mentality of the Crusades". The pontiff's remarks have "no relation to reality", Turkish Deputy Prime Minister Nurettin Canikli said. Armenia and many historians say up to 1.5 million Armenian Christians were killed by Ottoman Turkish forces in 1915. But Turkey disputes the figure and denies the deaths constituted genocide. It says the deaths were part of a civil conflict triggered by WW1. The row continues to sour Turkish-Armenian relations, drawing in other countries such as Germany, whose parliament recently declared the killings to be...

Vatican spokesman revealed that the trip may take place in JuneThe Vatican is studying the possibility of Pope Francis visiting Armenia in late June, the Vatican spokesman said. Jesuit Father Federico Lombardi, the spokesman, confirming Pope Francis's desire to make the trip, denied that it already was set for June 22-26 as a news website reported. "It is true that a trip to Armenia in late June is being studied," he said on March 18, but the papal trip planners had not yet visited the country and neither the dates nor the program have been finalised. The vast majority of...

YEREVAN, Armenia (AP) — Pope Francis hailed Armenia's steadfast Christian heritage on Friday as he arrived in the former Soviet republic for a three-day visit to commemorate the centenary of the Ottoman-era slaughter of Armenians that the pope himself has called a "genocide." In a largely Orthodox land where Catholics are a minority, Armenians seemed genuinely honored to welcome a pope who has long championed the Armenian cause from his time as an archbishop in Argentina and now as leader of the 1.2-billion strong Catholic Church. Small groups of residents lined his motorcade route, and a gaggle of schoolchildren wearing...

The world should never forget or minimize the Ottoman-era slaughter of Armenians, Pope Francis declared Saturday even as he urged Armenians to infuse their collective memory with love so they can find peace and reconcile with Turkey. Turkey, though, didn’t budge. In its first reaction to Francis’ recognition of the 1915 “genocide,” Turkish Deputy Prime Minister Nurettin Canikli called the comments “greatly unfortunate” and said they bore the hallmarks of the “mentality of the Crusades.” Francis began his second day in Armenia by paying his respects at the country’s imposing genocide memorial and greeting descendants of survivors of the 1915...

Armenian-American leaders have urged Obama each year to make good on a pledge he made as a candidate in 2008, when he said the U.S. government had a responsibility to recognize the attacks as genocide and vowed to do so if elected. Obama's failure to fulfill that pledge in his final annual statement on the massacre infuriated advocates and lawmakers who accused the president of outsourcing America's moral voice to Turkey ... It's a Turkish government veto over U.S. policy on the Armenian genocide," Aram Hamparian, head of the Armenian National Committee of America, said in an interview. "It's like...

The German parliament has passed a symbolic resolution recognizing the 1915 massacre of Armenians by Ottoman forces as a "genocide." The resolution was passed with a "striking majority" said President of the German Bundestag Norbert Lammert, with only one politician voting against it and one abstaining. Between 600,000 and 1.5 million Armenians, and other minorities, are estimated to have been killed by what was then-Ottoman Turkey during World War One. ... Germany's resolution is likely to place a strain on relations between Berlin and Ankara, and follows a recent migrant deal between Turkey and the European Union, in which Germany...

German lawmakers' planned vote to recognize the massacre of Armenians by Ottoman forces as genocide, will test the "friendship" between Berlin and Ankara, Turkey said Thursday, according to AFP. The resolution "will amount to a real test of the friendship" between the two nations, Turkish Prime Minister Binali Yildirim said. "Some nations that we consider friends, when they are experiencing trouble in domestic policy attempt to divert attention from it," he said at a meeting of his Justice and Development Party (AKP). "This resolution is an example of that." He stopped short of threatening Germany with political and economic retaliation,...

BERLIN, June 2 (UPI) -- Turkey recalled its ambassador in Berlin after German lawmakers approved a resolution declaring the World War I mass killings of Armenians by Ottoman Turks a genocide. Ambassador Huseyin Avni Karslioglu is expected to travel back to Turkey on Thursday, after the German Parliament declared the 1915-16 killings of some 1.5 million Armenians a deliberate act of ethnic cleansing. Germany's ambassador to Turkey has also been summoned. The move comes just hours after Turkish President Recep Tayyip Erdogan warned of "repercussions" from the vote. The German resolution is considered a touchy one for long-term relations between...