Egypt, Cyprus sign agreement to construct gas pipeline worth $800 million
Egypt and Cyprus signed an agreement on Wednesday to construct a direct marine pipeline to transfer natural gas from the Cypriot Aphrodite field to Egypt and then to be re-exported to different markets, statement by the Egyptian petroleum ministry read.
Tarek El-Molla, Egypt s petroleum and mineral resources minister, signed the deal with Georgios Lakkotrypis, the Cypriot minister of Energy, Industry, Tourism and Trades, in Cyprus.