Speculation has mounted that President Recep Tayyip Erdogan will announce details of a major gas discovery in the Black Sea in Turkey when he speaks later Friday, after vowing to deliver news ushering in a “new era.”
After Turkey invaded Cyprus in 1974, it found itself short of military hardware. In stepped Muammar Qaddafi, and four Turkish DC-9 commercial aircraft with the seats stripped out were loaded with rockets from Libyan stockpiles of U.S.-made weaponry. He refused all payment.
Oil rebounded as financial markets stabilised after the initial panic over Turkey’s economic meltdown eased.
Turkey’s president has issued a warning to Greece, Cyprus and international companies exploring for gas in the eastern Mediterranean not to “step out of line” and encroach on Turkish rights.
Recep Tayyip Erdogan says Turkey and Russia can rebuild their damaged ties and make the two countries even closer after talks with Vladimir Putin.