Join our crew and become one of the 110,914 members that receive our newsletter.

Seadrill Semi-Rig West Pegasus

Italy and Malta Sign Accord on Mediterranean Offshore Oil and Gas Exploration

Bloomberg
Total Views: 63
July 15, 2013
By Alessandra Migliaccio and Karl Stagno Navarra

July 15 (Bloomberg) — Italy and Malta’s prime ministers reached an agreement today for joint oil and gas exploration in the Mediterranean Sea between the islands of Sicily and Malta.

“We have made a political declaration, now it’s up to the technical people to iron out the details,” Malta Prime Minister Joseph Muscat said today in an interview in Rome. Muscat and Italian Prime Minister Enrico Letta reached an agreement on an area that has been the subject of a dispute between the two countries for years.

Interest in Mediterranean oil and gas has increased following new discoveries in Israel, Cyprus and Lebanon. Today’s accord between Malta and Italy will be followed by specific agreements defining areas open for exploration, the two prime ministers said today in Rome.

Copyright 2013 Bloomberg.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 110,914 members delivered daily straight to your inbox.