THE DEATH OF THE TURKISH-LIBYAN ACCORD

 TURKISH-LIBYAN ACCORD YOK

Or how the Turkish "Blue Homeland" is negated

As can be seen on the map, the announcement of the exploration blocks by Greece directly overlaps the Brown line of the Turko-Libyan accord. With Chevron interested in these fields it becomes apparent that the future explorations will negate the illogical and absurd position of Turkey on matters of EEZ. Of course it remains to seen if Turkey will create problems for any explorers. 

LET'S LEARN FROM HISTORY

HYDROCARBON EXPLORATION IN GREECE

The history of the decision to facilitate rights to Exxon and Chevron

The Maniatis law specified the use of the middle line for EEZs  disputed or not agreed yet between two nations.

NEWS FLASH

GREEK GOVERNMENT HAS ANNOUNCED SEA BLOCKS FOR EXPLORATION SOUTH/SOUTH EAST OF CRETE

In a surprise move Greece has just announced the availability of field blocks for exploration South and South East of Crete. These are fields for which Chevron has shown an interest after their involvement in the Peloponnese fields.

Things seem to be moving for energy production in Greece.

QUIET AND UNDERSTATED POLITICS WIN THE DAY

HOW IS GREECE BALANCING THE BOOKS ON INTERNATIONAL TRADING?

TRADE BALANCE GREECE TO THE WORLD

The following table shows the trade balance of Greece with its most important partners.  It is evident that the country has a major trade deficit with most of the trading countries. One can see where the biggest deficits are shown with bold letters. 

One of the most offending imports is Petroleum. It is also evident that although Medicines are both imports and exports the balance between them is negative. The question is what must Greece do to level its total dependency on imported goods.

             Is it time it starts taking producing energy seriously?

The following table shows the total deficit in the trade balance of the top seven exporters to Greece. As it can be seen the total amount is 28.829 Billion dollars where the total deficit from all exporters to Greece is  31,0377 Billion.