The Ministers of Energy of Cyprus and Israel signed in Cairo the joint letter containing the guidelines on the basis of which the companies operating in the sections “Aphrodite” and “Isa” will be able to start negotiations for their commercial exploitation.
The Minister of Energy, Trade and Industry Natasa Peleidou Natasa Peleidou in statements to KYPE immediately after the signing of the letter by herself and her Israeli counterpart Yuval Steinic, in the presence of the Minister of Oil of Egypt Tarek El Molara, for fact. He noted that “after nine years of talks between Cyprus and Israel, today we had a very important development, after some discussions yesterday, during the visit of the Minister of Energy Mr. Steinitz to Cyprus, during which the issue of the deposit was discussed. Aphrodite and Isaiah “.
As he noted, “it is very important to mention that any agreement presented to the two states by the companies must be approved by both states in order to be implemented.”
Ms. Pileidou stressed, finally, that “the importance of this issue for Cyprus and Israel is very great, as it confirms the very good cooperation that the two countries have, the will to deepen this cooperation both in energy issues as well as other issues, as well as resolving an issue that has been a topic of discussion for several years. Therefore, he said, “it paves the way for us to proceed with a practical solution, which paves the way even more for the exploitation of the natural wealth of Cyprus”.
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