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Égypt-actus
revue de presse sur l'actualité culturelle, archéologique, politique et sociale de l'Égypte
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Egypt’s annulment of agreement changes Meditaranean balance

Egypt’s annulment of agreement changes Meditaranean balance | Égypt-actus | Scoop.it

Egypt has rescinded its Exclusive Economic Zone (EEZ) agreement with South Cyprus as the new law which entails Turkey’s participation in the delineation of new borders came into force.

Egypt has annulled the maritime border-defining Exclusive Economic Zone (EEZ) agreement with Southern Cyprus. Therefore the balance in exclusive economic zone to the south of Cyprus in which natural gas and oil reserves are found has been altered.

According to the Greek press, the Egyptian Shura Council (Upper House of Egypt) approved the legislation which MP Khaled Abdel Qader Ouda proposed on the grounds that renegotiation of delineating their respective boundaries “could mean billions of dollars for Egypt.”

In indicating that Egypt’s new law annuls this agreement, Abdel Qader stated that under international agreements, Egypt has the right to withdraw its signature from this agreement. Abdel Qader argued that the agreement had been signed by Cyprus and Israel in February 2003, annulling it since Egypt had the right to be present at the signing.

The new law approved by the Egyptian Shura Council necessitates that new borders for the economic zone be delineated with Turkey joining as a third party.

The Republic of Cyprus had one-sidedly declared the professed economic zone in 2003. Israel, Egypt and Lebanon had been included in the agreement against which Turkey reacted by indicating, on the basis of international law, that it too had a right to the natural gas and oil reserves in the region.

Observers are interpreting Egypt’s withdrawal of Egypt from the agreement as evidence of Turkey’s strengthening presence in the region.

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Egypt upper house okays bill scrapping Cyprus EEZ deal

Egypt upper house okays bill scrapping Cyprus EEZ deal | Égypt-actus | Scoop.it

The Shura Council, the upper house of the Egyptian bicameral Parliament, has approved a draft law that cancels the maritime borders of an exclusive economic zone (EEZ) between Egypt and Cyprus, reports said Thursday.

Khaled Abdel Qader Ouda, the lawmaker who submitted the bill, said this invalidates the deal since Egypt had the right to be present at the signing, reports said.

He reportedly said a renegotiation could mean billions of dollars for Egypt.

In the past, Cyprus has signed delineation agreements with Egypt, Israel and Lebanon to pave the way for exploiting hydrocarbon deposits that criss-cross their boundaries.

The deal with Egypt was signed in February 2003.

The bill foresees the delineation of a new EEZ in the presence of Turkey as a third party

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(Cyprus) Minister plays down Egypt pulling out of EEZ reports

(Cyprus) Minister plays down Egypt pulling out of EEZ reports | Égypt-actus | Scoop.it

FOREIGN MINISTER Ioannis Kasoulides yesterday played down reports that Egypt was preparing to annul its Exclusive Economic Zone (EEZ) agreement with Cyprus.


The minister commented after the Egyptian state-funded news agency MENA reported that the legislative committee of Egypt’s Shura Council drafted a law on Wednesday cancelling the current maritime borders of Egypt and Cyprus.

The Shura Council is the upper house of the Egyptian bicameral parliament, and according to reports, has limited legislative powers.

MENA reported the draft law was submitted to the Council’s legislative committee by MP Khaled Abdel Qader Ouda, who argued that renegotiation of the Cyprus-Egypt agreement delineating their respective EEZs and signed in 2003 “could mean billions of dollars for Egypt”.

Ouda was quoted saying the draft law “calls for the creation of new borders surrounding the economic zone in the presence of Turkey as a third party”.

Asked to comment, Kasoulides said: “The Egyptian government has never raised such an issue, nor has it questioned the agreement between two signatories of the Convention on the Law of the Sea, an agreement which has been submitted to the UN.”

 

He added: “Egypt is a friendly country to Cyprus and the issue arising from a news story by the Egyptian news agency refers to an internal discussion among Egyptian politicians in their upper house. The position of this specific MP is well known. I do not wish to intervene in Egypt’s internal discussions.”

Kasoulides highlighted that neither the Egyptian Foreign Minister raised doubts about their bilateral agreement during his visit to Cyprus last November, nor did Egyptian Ambassador to Nicosia Menha Bakhoum raise the issue during her meeting with the new Cypriot minister on Tuesday.

 

The Cyprus Foreign Ministry released a statement yesterday highlighting that the governments of both Cyprus and Egypt “fully respect and practically implement” the EEZ delimitation agreement signed in 2003. Egypt was the first country to sign an EEZ agreement with Cyprus.

“No problems have arisen between them in relation to the Delimitation Agreement,” said the ministry noting that Cyprus attaches strategic importance to its relations with neighbour and friend Egypt.  

 

“Cooperation in the field of hydrocarbons’ development in the areas adjacent to the Median Line of the EEZs of the two countries, as well as cooperation in other related fields, ranks high in relations and dialogue between governments,” it added. 

 

More on: http://www.cyprus-mail.com/cyprus/minister-plays-down-egypt-pulling-out-eez-reports/20130308

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