{"id":115278,"date":"2015-05-11T13:43:49","date_gmt":"2015-05-11T13:43:49","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=115278"},"modified":"2015-05-11T13:50:02","modified_gmt":"2015-05-11T13:50:02","slug":"ghana-ivory-coast-close-to-a-deal-over-maritime-dispute","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/05\/ghana-ivory-coast-close-to-a-deal-over-maritime-dispute\/","title":{"rendered":"Ghana, Ivory Coast close to a deal over maritime dispute"},"content":{"rendered":"
President John Mahama and his Ivorian counterpart, Alassane Ouattara \u00a0are reportedly close\u00a0 to reaching an agreement\u00a0\u00a0 over the maritime border dispute that led to a ban on new oil drilling in the area under contention.<\/p>\n
This is according to the news agency, Reuters.<\/p>\n
Reuters said the revelation was made former UN Secretary General, Kofi Annan, who is the mediator for the current talks between Ivory Coast and Ghana.<\/p>\n
Asked during a pause in the discussions in Geneva, whether the two sides were close to reaching a deal, Mr. Annan \u00a0told Reuters: “Yes, we are.”<\/p>\n
An international tribunal ruled last month that Ghana could continue developing a $4.9 billion offshore oil project in the area but imposed a ban on new drilling.<\/p>\n
The decision by the Hamburg-based International Tribunal for the Law of the Sea was regarded as positive for Ghana and British oil firm Tullow, which leads a consortium developing the TEN field, where it has already drilled the wells it needs to start production.<\/p>\n
The Ivory Coast’s presidency said President Alassane Ouattara left Abidjan on Sunday for the talks with his Ghanaian counterpart John Dramani Mahama.<\/p>\n
The Hamburg tribunal did not judge the merits of the case and the court is expected to make a final ruling in 2017.<\/p>\n
Analysts indicate that precedent suggests it is unlikely to redraw the current equidistant maritime boundary.<\/p>\n
<\/p>\n
<\/p>\n
By: Citifmonline.com\/Ghana with files from Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"
President John Mahama and his Ivorian counterpart, Alassane Ouattara \u00a0are reportedly close\u00a0 to reaching an agreement\u00a0\u00a0 over the maritime border dispute that led to a ban on new oil drilling in the area under contention. This is according to the news agency, Reuters. Reuters said the revelation was made former UN Secretary General, Kofi Annan, […]<\/p>\n","protected":false},"author":14,"featured_media":95614,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38],"yoast_head":"\n