Romania, Greece to cooperate in the energy field, sign five-year contract

Romania and Greece clinched a five-year cooperation agreement in the energy field as the two countries will connect their power networks following talks between Romanian Prime Minister Calin Popescu Tariceanu and his Greek counterpart, Kostas Karamanlis.

The core purpose of the agreement is cooperation in the oil, natural gas and electricity fields.

Tariceanu noted talks focused especially on Romania's electricity exports towards Greece. The bilateral agreement is also meant to set up a regional energy exchange.

The deal was closed for five years and could be extended for successive periods of two years.

NewsIn