OK, looks like there is actually serious amounts of oil there. But quite deep and under water. Still, worth more than all of the island wrapped up as a present ;-) TIL.
Its really crazy how that stuff works. I read an article once about how nations try to claim even the smallest piece of rock in places just so that they can have claim over the resources not on land itself but in the ocean around it. Has to do with some UN treaties/rules about resource availability/ownership.
OK, looks like there is actually serious amounts of oil there. But quite deep and under water. Still, worth more than all of the island wrapped up as a present ;-) TIL.
Its really crazy how that stuff works. I read an article once about how nations try to claim even the smallest piece of rock in places just so that they can have claim over the resources not on land itself but in the ocean around it. Has to do with some UN treaties/rules about resource availability/ownership.
Either a 100km or 200km radius around land, if I’m not mistaken. Leads to some very… “interesting” situations in Greece/Turkey.