News Briefs

  2/11/2013, Adar 1, 5773

Israel-Cyprus Sign Gas and Oil Explorations Deal

Israeli firms Delek and Anver signed an agreement on Monday to acquire a 30 percent stake in exploration rights for gas and oil off Cyprus's southern shore carried out by US company Noble Energy.

Commerce Minister Neoclis Sylikiotis told reporters that the signing provided a "new era of Cyprus-Israeli strategic cooperation which includes economic and political dimensions," AFP reported.