The agreements “that we are going to sign on February 17 are among the most important agreements that the Republic of Cyprus has signed and concern the exploitation of the specific natural gas fields,» Cypriot Minister of Energy, Trade and Commerce Giorgos Papanastasiou said on Saturday.
He was speaking during a tour with Egyptian Petroleum Minister Karim Badawi and Chevron’s Vice President for International Exploration and Production Frank Cassulo in Old Nicosia.
For his part, the Egyptian minister described the signing of the bilateral agreements on February 17 as a very important milestone and expressed his country’s readiness to move to the next level in order to “unlock the potential of the Republic of Cyprus for the benefit of all, leveraging Egypt’s infrastructure.”
Asked to comment on the tour and the issues that may be raised during it, the Cypriot minister said that in addition to the business relationship, there are also human relations, “which we are strengthening because they help in the business part.”
The agreements will concern the hydrocarbon utilization of the Kronos field, as well as the Aphrodite field, he said.