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Egypt and Greece sign a maritime transport agreement that creates an exclusive economic zone between them

Egypt and Greece signed a maritime demarcation agreement on Thursday that creates an exclusive economic zone between the two countries, Egyptian Foreign Minister Samé Shukri announced.

“The agreement allows Egypt and Greece to maximize the benefits of the wealth available in both countries’ exclusive economic zones, particularly the promising oil and gas reserves,” Sukri said in a press conference published by Al Ahram newspaper.

The minister, who met with his Greek counterpart Nikos Dendias to discuss how bilateral relations and coordination in the Eastern Mediterranean between the two countries can be strengthened, said in a press conference that the agreement was in line with the law stands International and the United Nations Convention on the Law of the Sea.

Egypt and Greece sign a maritime transport agreement that creates an exclusive economic zone between them
Egypt and Greece sign a maritime transport agreement that creates an exclusive economic zone between them

He also stressed that the agreement enables increased regional cooperation between the two countries, including in the energy sector, as both belong to the Eastern Mediterranean Gas Forum, which also includes Cyprus, Italy, Israel, Jordan and Palestine.

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