Energean Oil & Gas, the operator of the Prinos-Kavala oilfields, on Tuesday announced an agreement to participate with a 25 pct stake in exploration and exploitation licenses in the regions Sara and Myra in deep waters in Israel.

Today, Ecumenical Patriarch Bartholomew held a meeting with Palestinian President Mahmoud Abbas and Israeli President Shimon Peres in the Holy Lands.

A tripartite agreement on environmental issues, focusing on offshore research and hydrocarbon extraction and on oil pollution was agreed on Tuesday by environment ministers from Greece, Cyprus, and Israel. The formal signing of the agreement is expected by June.