7 Hrs
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اقتصاد
Libya-Turkey Sea Dispute
The memorandum of understanding between Turkey and Libya sets out a maritime boundary in the eastern Mediterranean, which the two countries consider legitimate. Greece objects, arguing that its islands—particularly Crete—give it maritime rights. Egypt also rejects the agreement, while other countries have reservations about it, and Israel fears it could affect its maritime projects. The dispute centers on the delimitation of exclusive economic zones and the continental shelf, as well as the maritime rights of islands, in an area rich in oil and gas. Territorial waters extend up to 12 nautical miles, while an exclusive economic zone and continental shelf may extend up to 200 miles.
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