Egypt-Saudi Arabia maritime demarcation agreement makes headlines again

      Published on Wednesday, 10 July , 2019      101 Views     
Egypt-Saudi Arabia maritime demarcation agreement makes headlines again

  • Saudi News

The issue of sovereignty over the two islands of Tiran and Sanafir in the Red Sea at the Strait of Tiran leading to the Gulf of Aqaba is once again making headlines in Egypt.

The country had witnessed a wave of anger three years ago against the backdrop of the signing on April 8, 2016, by Egypt and Saudi Arabia of a maritime border demarcation agreement, under which Saudi Arabia gained sovereignty over the islands.

During a meeting with an Egyptian parliamentary delegation June 26, Red Sea Gov. Gen. Ahmed Abdullah revealed great gains for the Egyptian economy that are about to materialize as a result of the 2016 agreement.

“A large number of people focused on the islands of Tiran and Sanafir and completely ignored the economic gains that the Egyptian citizen will gain,” he said.

According to Abdullah, Egypt has been able, after the agreement, to exploit the wealth in the Red Sea.

He explained that the border demarcation agreement allows Egypt to drill in deep territorial waters because the International Law of the Sea defines territorial waters and economic waters as well as the equidistant line between countries.

 The International Law of the Sea does not determine the maritime borders between countries.

He indicated that the Ministry of Petroleum entrusted two international companies with the preparation of underwater surveys to help encourage international companies to invest in oil and gas discoveries in Egypt.

He also noted that the Ministry of Petroleum launched a tender for 10 oil and gas exploration blocks off the Red Sea coast.

“The new discoveries are expected to have a quantity of natural gas equivalent to that of Zohr field in the eastern Mediterranean,” Abdullah said.

Category Saudi News | 2019/07/10 latest update at 10:32 AM
Source : Internet | Photocredit : Google
Comments Add comment

Gulf Media

Related Articles

The editorial staff of Saudi Arabia Today would like to give all of its readers from Gulf and Saudi Arabia and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Saudi Arabia Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.

Sponsored Publications