Italy and Greece could engage in the exploration and exploitation of the resources after the delimitation of Maritime zones.
The Minister of Foreign Affairs of Italy Luigi Di Maio and his Greek colleague Nikos Dendias signed an agreement on Maritime borders, which delimited the exclusive economic zone between the two countries. It is reported by Ekathimerini Tuesday, June 9.
Provided that the document, which was signed during the visit, Di Maio in Athens is a continuation of the agreement from 1977. It opens to the two countries the path to exploration and exploitation of marine resources. It also gives the ability of Greece to achieve a similar agreement with neighboring Albania.
“The delimitation of Maritime zones with all our neighbors in the context of international law is a consistent goal for the country,” said Dendias after signing the agreement.
Government spokesman Stelios Petsas welcomed the signing as a historic event”.
The agreement was signed amid months of rising tensions between Greece, Cyprus, and Turkey, as well as after Ankara signed a controversial agreement with the government of Libya in Tripoli, which she claims gives her the right to exploration and drilling in parts of the Eastern Mediterranean, which cover the Greek continental shelf.
Negotiations between Italy and Greece on the agreement of the exclusive Maritime zones were carried out for several years. All this time the parties discussed the details, especially with regard to the reservations made by Rome regarding fishing rights in the Ionian sea.
Last week the defense Minister of Greece said that the country is ready for a military resolution of the conflict with Turkey.
As you know, Greece and Turkey have long-standing disputes over airspace and sea boundaries in the Aegean Sea, and on the rights to mineral resources in the Eastern Mediterranean.