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Cyprus and Egypt to sign agreement on petroleum exploitation
2005-09-06 13:03:38

Larnaca, Sept 05 (CNA) -- Cyprus Minister of Commerce, Industry and Tourism George Lillikas left today for Cairo, Egypt, where he will sign a cooperation agreement on petroleum co-exploitation with the Minister of Petroleum of Egypt.

Speaking at Larnaca airport prior to his departure, Lillikas said that this cooperation will begin in around two months' time. He added that during his stay in Egypt he will sign a memorandum of cooperation on issues of research and technology with Egypt's competent Minister.

Lillikas will attend Tuesday Egypt's International Tourist Fair and will meet with Egypt's Minister of Tourism.

He added that a joint meeting between the Presidents of the Tourism Organisations of Cyprus, Greece and Egypt will take place with a view to finalize a common package the three countries will promote to attract tourists from Asia.

Lillikas will also meet with the Minister of Education and Scientific Research of Egypt, whom he has already invited to Cyprus to attend a Ministerial Conference on issues of research in the framework of the cooperation with Harvard University, to be held in October.

During his stay in Cairo, Lillikas will preside over the Fifth Ministerial Conference of the Arabic World on Technology and IT (Information Technology) where he will present the policy of the Cyprus Government in the relevant fields.

Lillikas will also meet with the Egyptian Minister of Petroleum with whom he will discuss ways to further enhance cooperation between the two countries with the signing and processing of an agreement on issues of petroleum co-exploitation.

''We will discuss some proposals that were outlined during his visit to Cyprus,'' he said, noting that the two countries cooperation is expected to begin in the next couple of months and will be of ''decisive importance for Cyprus.''

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