“We are currently working on a unitization agreement that will determine how we can develop joint gas and oil reserves for facilities that are located on both sides of the demarcation line,” Cypriot ambassador to Israel Dimitris Hatziargrou was quoted as saying in the economic daily Globes.
“The energy matter is new for us, but we intend to investigate all the possibilities, including cooperation between Cyprus, Israel and Greece,” he said.
Earlier this year, Israel and Cyprus agreed to equally divide the 250 kilometers (155 miles) of water that separates them. Last month Israel unilaterally drew the maritime border with Lebanon, all in an effort to lay claim to the natural gas spoils. Read more »
