Eastern Mediterranean countries have the potential to extend their co-operation in the hydrocarbon sector and to create new synergies that would serve the interests of their peoples and the region in general, President Nicos Anastasiades said on Friday.
Accepting the credentials of the new Egyptian Ambassador to Cyprus Hussein Abdelkarim Tantawy Mubarak, Anastasiades said a recent natural gas discovery in the neighbouring country would transform its energy sector and have a decisive impact on its economy.
“There is a potential, not only for extending the existing co-operation between neighbouring countries in the hydrocarbon sector, but also for the creation of new synergies that will serve the interests of their peoples and the region in general,” the president said according to an official statement.
Referring to the trilateral co-operation between Cyprus, Egypt, and Greece, the president said he expected to be expanded.
The three countries have agreed to enhance cooperation on both the economic and political levels, and to coordinate on issues of mutual interest in international forums of which they are members.
Mubarak highlighted the island’s strategic geographical location and its EU membership. He said Cyprus had “always had special importance on a regional and international level and can act as a bridge between the peoples of the north and the south Mediterranean.”