Greek pact with Egypt, Cyprus eyes potential in energy sector

On the sidelines of the United Nations general assembly in New York on Monday Foreign Minister Evangelos Venizelos and his Egyptian and Cypriot peers, Ioannis Kasoulides and Nabil Fahmy, agreed to delineate exclusive economic zones, so they can seek and exploit mineral reserves, and to deepen cooperation on the political and economic levels.

Venizelos said the swift delineation of the zones would allow them to “tap reserves and give our nations growth prospects.” He met UN Secretary-General Ban Ki-moon for talks on the eastern Aegean.

Prime Minister Antonis Samaras is due in New York on Saturday.