Israel and Cyprus are on the threshold of a natural resources conflict as Israel has ramped up rhetoric in its diplomatic channel, claiming that part of an area being developed is Israeli territory.
Israel demands rights to revenues from the gas field and has threatened to pull its investors from the drilling project, Cyprus government sources told Sputnik, as around three percent of the gas field development allegedly lies in Israel's economic zone. Cyprus is an island nation in the Mediterranean Sea, about half the size of Israel and has a population less than that of the Gaza Strip.
"We're asking for what we're entitled to, according to accepted practice," a senior Israeli negotiator in the matter told Israeli business daily Globes.
Israel demands rights to revenues from the gas field, and threatens to pull Israeli investors from the project, according to sources in Cyprus. The disagreement between Cyprus and Israel also threatens to disrupt cooperation in energy projects that the two countries have enjoyed in the past.
Israeli Energy Minister Yuval Steinitz was invited to pay a visit to Cyprus to discuss energy cooperation between the two countries, and is expected to arrive next week.
Cyprus sources told Sputnik that the country's officials are open to dialogue with Israel to overcome the new crisis and hope that disagreements around the project would be overcome in next week's negotiations between the two countries.
Israel has made considerable advances in achieving energy independence in recent years, particularly through offshore drilling.
It also recently discovered an oil deposit in the Golan Heights, a Syrian territory it occupies, which could potentially make it self-sufficient in oil.
http://sptnkne.ws/U2m
15/10/15
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-- Israeli oil prospectors have discovered a large oil deposit in the Golan Heights, a Syrian territory which it has occupied since 1967.
Israeli oil prospectors discovered a large oil deposit which could make the country self-sufficient in energy, Israeli business daily Globes reported.
The oil deposit lies in the Golan Heights, which is internationally recognized as Syrian territory but has been occupied by Israel since the 1967 war between Israel and Arab states. Israel is unable to import oil from nearby Arab oil-exporting countries, which do not recognize Israel and have no diplomatic relations with the country.
"We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity. On average in the world strata are 20-30 meters thick, so this is ten times as large as that, so we are talking about significant quantities," geologist Yuval Bartov of Afek Oil and Gas told Israeli television.
Israel has previously worked to make itself self-sufficient in oil deposits by developing offshore drilling, but the new discovery is said to cover all of the country's energy needs.
"There is enormous excitement. It's a fantastic feeling. We came here thinking maybe yes or maybe no and now things are really happening," Bartov added.
The Israeli-occupied Golan Heights also border Syrian territories which are controlled by Syrian anti-government rebels.
Israel has reportedly provided medical aid to the rebels and has responded to rocket fire from the rebel-controlled territory by striking Syrian Army positions. Israel's explanation for the actions has been that it "holds the Syrian military responsible for all events stemming from its territory."
[sputniknews.com] 7/10/15
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