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Israel-Cyprus Maritime Border Deal Fuels Mediterranean Energy Tensions

Guy Taylor Wednesday, July 13, 2011

The announcement this week that Israel's cabinet approved a new maritime demarcation agreement with Cyprus may pave the way for Israel to start tapping prized offshore oil and gas reserves in the Eastern Mediterranean.

But it also exacerbates an already tense geopolitical standoff between Israel, Lebanon, Turkey and Cyprus surrounding the energy reserves, which, though relatively small compared to those in the Persian Gulf, are estimated to be worth billions. ...

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