Shell not to explore in Greeks-claimed zone

Shell announced it was not to conduct exploration in eastern Mediterranean, unilaterally declared as "exclusive economic zone" by Greek Cypriots.

Shell not to explore in Greeks-claimed zone

World Bulletin / News Desk

Andy Brown, upstream international director of Shell, on Friday stated that they were not considering to conduct exploration works in eastern Mediterranean which was unilaterally declared as "an exclusive economic zone" by the Greek Cypriot administration.

Speaking to AA correspondent on Friday, upstream international director of Anglo-Dutch multinational oil and gas company Shell, Andy Brown, said, "We generally abstain from exploring in conflict regions. When this issue is clarified, of course we will conduct a study in regards to exploration of oil and gas in eastern Mediterranean. We believe that coming to an agreement on sovereignty rights is a matter to be decided by governments. At the moment we do not consider to be a part of the search."

Brown also touched on the shale exploration works in cooperation with Turkish Petroleum Cooperation (TPAO) in Turkey's southeastern province of Diyarbakir and stated that the search and production works were ongoing and it was too early to say anything in regards to the reserve levels.

Last Mod: 15 Şubat 2013, 15:08
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