Thursday, July 05, 2007

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"Eastern Mediterranean Oil Politics: the Emerging Role of Cyprus
7/5/2007 (Balkanalysis.com)

By Ioannis Michaletos

The issue of oil drilling rights in the eastern Mediterranean Sea has emerged over the past few months, after the initiative enacted by the Cypriot government to proceed in handing out research and drilling rights for expected oil reserves deep under the sea, estimated to be worth some 450 billion USD at current prices (1)."

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