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Egypt-Cyprus agreement for “Aphrodite” field attracts great investor interest, Egypt’s Minister of Petroleum tells CNA
CNA - Thalia Neophytou - CYPRUS/Nicosia 11/02/2019 11:18



 The intergovernmental agreement signed between Egypt and Cyprus for Aphrodite gas field resulted to great interest from International Oil Companies, down streamers and financial institutions, the Minister of Petroleum and Mineral Resources of Egypt Tarek El-Molla told Cyprus News Agency (CNA).
 
In an interview with CNA, the Egyptian Minister said that after the important umbrella agreement for building a gas pipeline between the two countries, discussions are now taking place to accelerate the process after completing the constitutional and legal procedures at each country, which should then be followed by a commercial agreement for the project.
 
The Minister also stressed the multiple benefits for Cyprus from cooperating with Egypt in the framework of the recently established Eastern Mediterranean Gas Forum (EMGF).

(CNA)

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