Energy Minister: Turkey, Egypt to drill in medirerranean

Egypt and Turkey may partner up to explore for oil and gas in the eastern Mediterranean Sea, Turkish Energy Minister Taner Yildiz said during an official visit to Cairo yesterday." Egypt and Turkey can work together on the fields of oil and [natural] gas, we evaluated this issue and need some more time [for further steps]. We can search together in the Mediterranean," said Yildiz, not giving details on the project while speaking to journalists. The minister also emphasized Egypt's experience in deep-water drilling. The minister, who is currently in Egypt accompanying Turkish Prime Minister Recep Tayyip Erdogan, said he had met with Egypt's ministers for oil and electricity during his visit, which he said had been "extremely fruitful." He also said Turkey signed two memoranda with Egypt on energy cooperation." One of them is about joint projects in third countries, the other regards electricity.