03 July, 2008
A bilateral agreement that will allow Greece and Turkey to trade in electricity was signed in Istanbul on Wednesday by Greek Development Minister Christos Folias and Turkey's Energy and Natural Resources Minister Mehmet Hilmi Guler. Folias also had a meeting with Turkish Prime Minister Recep Tayyip Erdogan, who attended the signature of the agreement.
"This is the second agreement between us since the pipeline went into operation and this is proof that there is a very great potential for cooperation," the minister noted in his statements.
Folias underlined that Greece occupies a key position for energy security and expressed his pleasure at being able to discuss important energy plans linking Greece and Turkey with the Turkish premier and Guler.
The Greek minister is visiting Istanbul in order to attend the 5th International Energy Forum on "Energy Innovations for Sustainable Development".
"The Greek-Turkish pipeline is an act of cooperation and friendship between our two countries that serves as a single conduit for transferring natural gas from the countries of Asia and the Middle East via Turkey and Greece to Italy and the rest of Europe," Folias said during the forum, noting that the pipeline's inauguration last year had "sealed a new era of cooperation between Greece and Turkey".
While in Istanbul, Folias was also received by Ecumenical Patriarch Bartholomew, who outlined the results of his successful visit to the Vatican over the weekend.
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