Egypt and Greece Sign Exclusive Economic Zone Deal

According to various local news outlets, Egypt and Greece has established a newly formed an Exclusive Economic Zone (EEZ) through the signing of a maritime demarcation deal on Thursday.

The signature of the deal, which was announced by Egypt’s Minister of Foreign Affairs Sameh Shoukry, was also highly commended by Greek counterpart Nikos Dendias at a joint press conference.

“The deal permits Egypt and Greece to go ahead with maximising benefits from riches available in the exclusive economic zones of both countries, particularly the promising gas and oil reserves,” stated Shoukry according to Al Ahram.

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