In its biggest provocation yet, Turkey has sent its Fatih drilling ship into Cypriot waters, launching drilling operations that have prompted a response from the U.S. and a Greek Cypriot counter-threat, according to Oilprice.com sources in Istanbul. With the U.S. and the EU chiming in this weekend with their own warnings, today, Turkish Naval Forces on board the Fatih reported threats over their radios of international arrest warrants coming from the Greek Cypriot authorities if the vessel does not vacate Cyprus’ Exclusive Economic Zone (EEZ). As of this afternoon, the ship’s location is still in the EEZ, with Turkey refusing to budge. (Click to enlarge) Much is at stake for Cyprus, which stands to benefit enormously—both financially and geopolitically—if supermajor exploration efforts bear fruit. Exxon has made substantial discoveries in Block 10, which is in the EEZ, whose delimitation Turkey contests. In March this year, Exxon said that it […]