Negotiations, which led to the signing of this Agreement, were held between the negotiating teams of the two sides from November 2013 until January 2014 as Cna reports. The said confidential information will be exchanged for the purpose of assisting each Government in forming an opinion on the extent of hydrocarbons discovered in each of the aforementioned specific Blocks.
This Agreement forms part of the external dimension of Cyprus' energy policy which inter alia promotes mutually beneficial cooperation with all the countries of the Eastern Mediterranean. (ANSAmed).