Egypt ratifies agreement with Cy for co exploitation of hydrocarbons
President of Egypt Abdel Fattah el-Sisi has issued a presidential decree with which he approves the ratification of the framework agreement, signed with Cyprus in 2013, providing for the co-exploitation of the hydrocarbon reserves in the Egyptian and Cypriot Exclusive Economic Zones (EEZ) which extend across the midline.
The signing of the decree by the Egyptian President was announced by Cypriot Minister of Energy, Commerce, Industry and Tourism George Lakkotrypis.
Source: Cyprus News Agency
Published on 12 September, 2014