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Cyprus-Israel Intergovernmental Agreement for 'Aphrodite-Ishai' Nearing Completion

Published January 15, 2026, 16:45
Cyprus-Israel Intergovernmental Agreement for 'Aphrodite-Ishai' Nearing Completion

The formation of an intergovernmental agreement between Cyprus and Israel for the management of the 'Aphrodite-Ishai' reservoir is in its final stages. Sources told CNA that the final draft of the agreement, incorporating comments from the Israeli side, has been sent to Cyprus. This agreement is of strategic importance to both countries. According to the same sources, a delegation from Israel is expected to arrive in Cyprus in January for intensive negotiations. This move indicates that the process is now in its final stretch. The agreement concerns the management of the 'Aphrodite-Ishai' reservoir, located in the Exclusive Economic Zone (EEZ) of Cyprus and has significant exploitation prospects. Cooperation between Cyprus and Israel in the energy sector has strengthened in recent years, with the aim of exploiting the natural gas reserves in the region.