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Cyprus and Egypt sign petroleum co-exploitation protocol
2005-09-08 14:02:50

Nicosia, Sep 7 - Cyprus and Egypt have signed a protocol on petroleum co-exploitation and a Memorandum of Understanding for cooperation in the field of Technology, Information and Services.

The documents were signed in the context of Cypriot Minister of Commerce, Industry and Tourism George Lillikas' visit to Cairo, at the invitation of Egypt's Tourism Minister Ahmed Al Maghrabi.

During his stay, Mr. Lillikas also attended the opening of Egypt's International Tourist Fair and welcomed the Egyptian Prime Minister Ahmed Nazef at the Cypriot stand.

Mr. Lillikas and Mr. Al Maghrabi discussed the prospects of cooperation in the field of tourism, in view of the meeting that took place at the Fair between the Presidents of Tourism Organizations of Egypt, Cyprus and Greece, aiming at examining ways for the implementation of a memorandum of cooperation signed by the three last year for the creation of common tourist packages to attract tourists from far away destinations, such as China.

Following the opening, Lillikas had a meeting and talks with the Egyptian Minister of Petroleum Sameh Fahmy, with whom he exchanged views for the further strengthening of bilateral cooperation in the field of energy, research and co-exploitation of petroleum in the Mediterranean in view of the memorandum of understanding and cooperation signed by the two Ministers in Nicosia last July.

After the talks, officials of the two ministries signed a protocol for the implementation of the memorandum of cooperation, which among other things provides for the creation of a monitoring committee, an official press release says.

Mr. Lillikas also presided over the Fifth Ministerial Conference of the Arabic World on Technology and IT (Information Technology), presented the policy of the Cyprus government on the two issues and analysed its plans and vision for further cooperation with the countries of the region for common benefit from the relevant EU programmes.

The Cypriot Minister's meetings continued with Tarek Kamel, Minister of Communications and Information Technology. The two ministers expressed the wish for closer cooperation and signed a Memorandum of Understanding for cooperation in the field of Technology, Information and Services.

Mr. Lillikas also met with Amr Salama, Egyptian Minister of Higher Education, and the talks focused on cooperation in the field of scientific research, in the framework of Cyprus' efforts to become a Regional Centre of Scientific Research and also a bridge between Europe and the Arab World.

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