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Egypt ratifies agreement for hydrocarbons
Last Update: September, 2016

Energy Minister Mr. Giorgos Lakkotrypis has announced two days ago that the Egyptian Government has issued a presidential decree pursuant to which it ratified the agreement with Cyprus on the joint exploitation of hydrocarbon reserves straddling the two countries’ EEZ, that was signed between the two countries in December 2013. This important development paves the way for the joint exploitation of hydrocarbon reserves found in areas across the borderline dividing the two countries’ EEZ. The ratification of the agreement demonstrates the excellent commercial and political relations of the two eastern Mediterranean countries.

Publish Date: 13 September, 2014
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