offshore rights

The heavily armed Lebanese group Hezbollah group - which is backed by Iran has fought numerous conflicts with Israel - has threatened military action if Lebanon is prevented from exploiting what it deems to be its offshore rights.

Tensions flared last year over a dispute over maritime jurisdiction and offshore rights in the eastern Mediterranean, and the countries traded barbs on Sunday over the status of Muslim minorities in Greece.

Proposal to reduce the financial assurances oil and gas firms leasing offshore rights must supply Read more »

Proposal to reduce the financial assurances oil and gas firms leasing offshore rights must supply Read more »

This month Washington sanctioned Turkey over its acquisition of Russian S-400 missile defences, and the EU also prepared punitive measures over Turkey’s dispute with members Greece and Cyprus over Mediterranean offshore rights.