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CY-GR sign agreement on oil reserves

14/05/2004 16:56
Commerce Minister Giorgos Lillikas and Greek Development Minister, Demetris Sioufas signed on Friday an oil reserve agreement, which provides for the storage of oil reserves for Cyprus in Greece.

As the CNA reports, Mr. Sioufas said that according to the agreement provisions, Cyprus will be able to store oil reserves lasting up to 90 days. The agreement will be effective as soon as the Cyprus and the Greek Parliaments proceed to its approval.