The Egyptian parliament in a general session approved on Tuesday a deal demarcating maritime borders with Greece, state-run TV reported.
Egyptian and Greek foreign ministers have signed a maritime demarcation deal for establishing an exclusive economic zone between the two countries on Aug. 6.
“The deal copes with Egypt’s legal and constitutional systems,” according to the report.
It added that the deal will partially determine the maritime borders between the two counties in the Eastern Mediterranean Sea and further consultations between them will be run on completing the demarcation process.
The report added that in case any of the two parties seek to sign an economic zone deal with a third country sharing the maritime borders with the two countries, it shall inform the other party ahead of signing any deals.
“If natural resources, including hydrocarbons, are found in the economic zone area, a new deal should be initiated on how to utilize these resources. Any related disputes should be settled via diplomatic ways,” the report read.
Egyptian Foreign Minister Sameh Shoukry said earlier that the deal allows both Egypt and Greece to maximize the use of available resources in the exclusive economic zone between them, particularly the potential oil and gas reserves.
However, the deal caused tensions between Greece and Turkey as it hit another maritime border agreement in the Mediterranean Sea between the governments of Turkey and Libya in Tripoli in 2019.
