President Tayyip Erdogan said Aug. 13 that any attack on a Turkish ship exploring for oil and gas in disputed Mediterranean waters would incur a "high price" and suggested Turkey had already acted on that warning.
Tensions in the eastern Mediterranean have risen sharply this week after Turkey sent a survey vessel to the region, escorted by warships, in a move Greece decried as illegal.
"We said that if you attack our Oruc Reis you will pay a high price, and they got their first answer today," Erdogan said in a speech in Ankara without giving details.
The Oruc Reis set out on Monday with its military escort to survey waters between Crete and Cyprus.
In response, President Emmanuel Macron said France would increase its military presence in the region and called on Ankara to stop its exploration work. French and Greek forces held military training exercises off Crete on Aug. 13.
European Union (EU) foreign ministers, who have already imposed sanctions on two Turkish energy executives over Turkey's operations in the eastern Mediterranean, will discuss the situation on Aug. 14.
Greece's foreign ministry said Minister Nikos Dendias will brief EU counterparts "about the real facts of the recent days regarding operations in the region" at the emergency meeting.
Erdogan spoke by phone with German Chancellor Angela Merkel and EU Council President Charles Michel on Aug. 13. He "reiterated his commitment to defend Turkey's rights against attempts to disregard them", Erdogan's office said of the call with Michel.
Both Turkey and Greece said this week that they were willing to resolve the dispute over their overlapping maritime claims, but vowed to protect their interests and blamed the other side for the stand-off.
"If we act with common sense and reason, we can find a win-win solution that meets everyone's interests," Erdogan said earlier on Aug. 13. "We are not chasing any unnecessary adventures or seeking tensions."
In apparent reference to France, Erdogan also said Greece was being pushed into taking "wrong steps" in the region by "a country that doesn't even have a coast in the eastern Mediterranean."
Recommended Reading
On The Market This Week (Jan. 20, 2025)
2025-01-24 - Here is a roundup of marketed oil and gas interests in the Delaware Basin, Midcontinent and Bakken from select sellers.
Diamondback Acquires Permian’s Double Eagle IV for $4.1B
2025-02-18 - Diamondback Energy has agreed to acquire EnCap Investments-backed Double Eagle IV for approximately 6.9 million shares of Diamondback and $3 billion in cash.
On The Market This Week (Jan. 27, 2025)
2025-02-02 - Here's a roundup of marketed oil and gas leaseholds in Appalachian and the Central basins from select sellers.
Report: Diamondback in Talks to Buy Double Eagle IV for ~$5B
2025-02-14 - Diamondback Energy is reportedly in talks to potentially buy fellow Permian producer Double Eagle IV. A deal could be valued at over $5 billion.
Whitewater Management Buys Permian’s Orion Water Solutions
2025-03-03 - Whitewater Management is buying Orion Water Solutions for an undisclosed amount to expand its wastewater treatment offerings.