AIRLINK 209.55 Decreased By ▼ -1.42 (-0.67%)
BOP 10.46 Decreased By ▼ -0.21 (-1.97%)
CNERGY 7.35 Decreased By ▼ -0.06 (-0.81%)
FCCL 34.39 Increased By ▲ 0.82 (2.44%)
FFL 18.05 Decreased By ▼ -0.36 (-1.96%)
FLYNG 22.92 Decreased By ▼ -0.70 (-2.96%)
HUBC 132.49 Increased By ▲ 1.10 (0.84%)
HUMNL 14.14 Increased By ▲ 0.04 (0.28%)
KEL 5.03 Increased By ▲ 0.05 (1%)
KOSM 7.07 Decreased By ▼ -0.09 (-1.26%)
MLCF 45.20 Increased By ▲ 1.44 (3.29%)
OGDC 218.38 Increased By ▲ 4.82 (2.26%)
PACE 7.58 Increased By ▲ 0.13 (1.74%)
PAEL 41.70 Increased By ▲ 0.17 (0.41%)
PIAHCLA 17.30 Decreased By ▼ -0.17 (-0.97%)
PIBTL 8.55 Decreased By ▼ -0.05 (-0.58%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 189.03 Decreased By ▼ -0.57 (-0.3%)
PRL 42.33 Decreased By ▼ -1.98 (-4.47%)
PTC 25.17 Increased By ▲ 0.20 (0.8%)
SEARL 103.96 Increased By ▲ 0.59 (0.57%)
SILK 1.03 No Change ▼ 0.00 (0%)
SSGC 39.24 Decreased By ▼ -1.26 (-3.11%)
SYM 19.16 Decreased By ▼ -0.36 (-1.84%)
TELE 9.24 Decreased By ▼ -0.20 (-2.12%)
TPLP 13.10 Decreased By ▼ -0.40 (-2.96%)
TRG 69.18 Increased By ▲ 4.71 (7.31%)
WAVESAPP 10.72 Decreased By ▼ -0.18 (-1.65%)
WTL 1.71 Increased By ▲ 0.06 (3.64%)
YOUW 4.14 Decreased By ▼ -0.07 (-1.66%)
BR100 12,079 Decreased By -111.6 (-0.92%)
BR30 36,602 Increased By 19.8 (0.05%)
KSE100 116,053 Decreased By -202.4 (-0.17%)
KSE30 36,578 Decreased By -25.8 (-0.07%)

CAIRO: Egypt and Greece signed an agreement Thursday to set up an exclusive economic zone in the eastern Mediterranean amid regional tensions over energy resources in the area. Egyptian Foreign Minister Sameh Shoukry announced the deal, which delineates the maritime borders of both countries, at a Cairo news conference alongside his Greek counterpart Nikos Dendias.

It comes after Turkey last year signed a deal with the UN-recognised government in Libya on maritime jurisdiction, with several countries accusing Ankara of trying to assert its dominance in the region. The deal "allows Egypt and Greece to move forward in maximising the benefits of the available resources in the exclusive economic zone for each of them, especially oil and gas reserves," Shoukry said.

Dendias described it as "historic". "This agreement is the exact opposite of anything illegitimate like what was signed between Turkey and Tripoli," he added. Turkey reacted angrily to the deal inked in Cairo.

The "so-called maritime deal" signed by Greece and Egypt is "null and void," the Turkish foreign ministry said in a statement. "The so-called delimited areas are part of Turkey's continental shelf," it said, adding that Ankara would "not allow any activity in those areas".

Egypt, Cyprus and Greece have denounced a contentious deal, including a security agreement, signed last year between Ankara and the embattled Libyan Government of National Accord (GNA). Greece said at the time that it ignored the maritime boundaries of Crete. Ankara backs the Tripoli-based GNA in its battle against eastern-based Libyan strongman Khalifa Haftar, who last year launched an offensive to seize the capital.

Comments

Comments are closed.