One sentence summary – Turkey and Israel have announced plans for joint energy drilling operations with the aim of operating energy networks to Europe through Turkey, following a meeting between Turkish President Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu at the United Nations; the leaders discussed mutual visits and increased cooperation, with both countries keen to enhance their bilateral relations and raise the current trade volume of $9.5 billion to a minimum of $15 billion in the first phase, focusing on strengthening cooperation in energy, tourism, and technology sectors, marking a notable milestone in their efforts to strengthen bilateral ties and reflecting a mutual commitment to foster greater understanding and economic growth.
At a glance
- Turkey and Israel plan to conduct joint energy drilling operations.
- The aim is to operate energy networks to Europe through Turkey.
- The decision was made after a meeting between Turkish President Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu.
- Both countries are keen to enhance their bilateral relations and increase trade volume.
- This collaboration signifies a shift towards regional stability and economic progress.
The details
Turkey and Israel have announced plans for joint energy drilling operations.
The aim of these operations is to operate energy networks to Europe through Turkey.
This decision was made after a meeting between Turkish President Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu at the United Nations.
The leaders discussed mutual visits and increased cooperation.
Both countries are keen to enhance their bilateral relations.
They have set a target to raise the current trade volume of $9.5 billion to a minimum of $15 billion in the first phase.
The discussions between the leaders included the formation of a mechanism to strengthen cooperation in energy, tourism, and technology sectors.
Relations between Turkey and Israel had deteriorated following a 2010 raid by Israeli forces on a pro-Palestinian activist ship.
This raid led to the deaths of 10 Turks.
As a result, Ankara expelled Israel’s ambassador.
However, since 2016, relations have gradually improved.
Visits by Israeli President Isaac Herzog and foreign ministers have played a significant role in thawing the relationship.
Turkey has been making concerted efforts to repair ties with other regional rivals as well, including Egypt, the UAE, Saudi Arabia, and Israel.
This move towards increased cooperation in the energy sector represents a significant step forward in the normalization of relations between Turkey and Israel.
The joint energy drilling operations between Turkey and Israel hold great potential for both countries.
They aim to tap into energy resources and establish strong energy networks to serve Europe.
This collaboration signifies a shift towards regional stability and economic progress.
As the partnership progresses, it is expected to open new avenues for trade, investment, and technological exchange between the two nations.
This development has significant implications for the geopolitical landscape of the region.
It may impact existing alliances and energy dynamics.
As the situation evolves, it will be crucial to monitor the progress of this joint endeavor.
Its broader implications for the countries involved and the region as a whole will also need to be monitored.
The decision by Turkey and Israel to embark on joint energy drilling operations marks a notable milestone in their efforts to strengthen bilateral ties.
The increased cooperation in the energy sector, along with discussions regarding tourism and technology, reflects a mutual commitment to foster greater understanding and economic growth.
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| reuters.com |
|---|
| – Turkey and Israel plan to begin joint energy drilling operations. |
| – |
| The two countries will operate energy networks to Europe through Turkey. |
| – Turkish President Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu met at the United Nations to discuss mutual visits and increased cooperation. |
| – They aim to raise the current trade volume of $9.5 billion to a minimum of $15 billion in the first phase. |
| – Discussions included forming a mechanism between the countries to enhance cooperation in energy, tourism, and technology. – Ties between Turkey and Israel deteriorated after a 2010 raid by Israeli forces on a pro-Palestinian activist ship, resulting in the deaths of 10 Turks. – Ankara expelled Israel’s ambassador, but relations have been gradually improving since 2016. – Visits by Israeli President Isaac Herzog and foreign ministers have helped thaw the relationship. – Turkey has also made efforts to repair ties with other regional rivals, including Egypt, the UAE, Saudi Arabia, and Israel. |
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