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Egypt-Cyprus deal on Aphrodite field is attracting great investor interest
February 12, 2019
The intergovernmental agreement signed between Egypt and Cyprus for Aphrodite gas field resulted to great interest from International oil companies, down-streamers and financial institutions, Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla said.
In an interview with CNA, the Egyptian minister said that after the important umbrella agreement for building a gas pipeline between the two countries, discussions are now taking place to accelerate the process after completing the constitutional and legal procedures in each country, which should then be followed by a commercial agreement for the project.