19 February 2020 08:14 PM

Mulla: Agreement with Cyprus on gas pipeline encourages investors

Friday، 21 September 2018 - 11:03 AM

Minister of Petroleum and Mineral Resources Tarek el Mulla on Wednesday said that an agreement that was signed with Cyprus on setting up a maritime natural gas pipeline will open new horizons for the private sector and global investors to pump more funds in the oil sector.


In a press statement released by the Petroleum and Mineral Resources Ministry after his meeting with Cypriot President Nicos Anastasiades in Nicosia, he added that the agreement is the first of its kind and will pave the way for more cooperation between the two countries.


According to the statement, the Cypriot president confirmed that relations between the two countries are strong and lauded efforts that are being exerted for pushing up joint cooperation.



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