Turkish and Turkish Cypriot energy ministers to sign an agreement on TPAO

ANKARA (A.A) - November 1, 2011 - Turkish Energy & Natural Resources Minister Taner Yildiz and Economy & Energy Minister Sunat Atun of the Turkish Republic of Northern Cyprus (TRNC) will sign an agreement on licenses given by TRNC to TPAO (Turkish Petroleum Corp.).   Yildiz told AA on Tuesday that the agreement, which would be signed on Wednesday, would give a license to TPAO to explore oil and natural gas in TRNC lands in addition to its previous licenses for exploration at sea. Yildiz recalled that on September 21, Turkish Premier Recep Tayyip Erdogan and President Dervis Eroglu of TRNC signed in New York an agreement on the delineation of the continental shelf between two countries in the East Mediterranean. Under the agreement, TPAO will be able to make three dimensional seismic research and drilling in TRNC land and sea more actively, said Yildiz, adding that the agreement would take effect after it was signed by TRNC Parliament.