Middle East Economic Survey


No 33



Cyprus Licensing Round Proceeds Despite Turkish Objections

With its first licensing round due to close on 16 August, the government of Cyprus has said it intends to proceed with awarding the 11 offshore blocks it has put up for tender by the end of the year, despite warnings by Turkey that the Cypriot government was failing to act in the best interest of all the islands inhabitants. Turkey in July sent a letter of...