Last Update 11:24
Tuesday, 24 November 2020

Cyprus & Israel sign gas exploration deal

Ahram Online, Friday 17 Dec 2010
Cyprus and Israel agreement to explore oil maritime feilds. (photo: Reuters)
Views: 1419
Views: 1419

An agreement was signed between Israel and Cyprus to demarcate their maritime boundaries, which paves the way for oil exploration and gas in the eastern Mediterranean region, according Reuters.

Nobel Energy, an American company for the production and exploration of oil in the US and globally, had the right to use the oil found In a Cyprian maritime field, and another near the Israeli borders.

The agreement was signed by the Cyprian Foreign Minister Kyprianou, and the Israeli Infrastructure Minister Uzi Landau, and is waiting for Parliamentary approval.


Short link:



© 2010 Ahram Online.