Hydrocarbon account for both communities FM says

first_imgForeign Minister Ioannis Kasoulides said on Friday that the government was looking into setting up an escrow account where it could deposit part of the natural gas revenues to be used for future generations.The foreign minister sought to clarify a statement made during a lunch on Thursday, which, as he said, was wrongly interpreted.“I did not say that the revenues in question will be exclusively earmarked for the Turkish Cypriot community to satisfy Turkey’s demands,” Kasoulides said in a written statement.“I said that the Republic is examining the creation of the said account … where part of the revenues from hydrocarbons could be deposited and through investment, they could benefit the future generation of Cypriots, Greek Cypriots and Turkish Cypriots,” he said.Turkey, which supports a Turkish Cypriot breakaway state in north Cyprus, disputes Nicosia’s rights to search for gas.Greek Cypriots say Turkish Cypriots can share potential benefits, but only when there is a peace deal.Anakara has sent a research vessel, the Barbaros, to carry out seismic surveys close to exploration sites that Cyprus has already licensed to Italy’s ENI, France’s Total and U.S. Noble Energy.The move prompted President Nicos Anastasiades to pull out of reunification talks.You May LikeLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoKelley Blue BookYou Won’t Believe How Affordable These Ford Car Models AreKelley Blue BookUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img

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