Libya and Greece have signed an accord that paves the way for "strategic cooperation" between the two countries during the Greek premier's visit to the oil-rich country, Libyan media reported Thursday.
Libya
and
Greece
have
signed an accord that paves the way for "strategic cooperation"
between the two countries during the Greek premier's visit to the oil-rich
country, Libyan media reported Thursday.
The memorandum of understanding envisages cooperation" in the areas of
investment, energy, tourism, food production, finance and renewable energy,
Libya
's
official JANA news agency said.
It also calls for joint investment in oil, gas, food and pharmaceuticals.
Greece
is in
the throws of a severe economic crisis and Libyan Prime Minister Baghdadi
Mahmoudi said during a visit to
Athens
in
May that
Tripoli
stood
ready to help the stricken country overcome its difficulties, while
strengthening cooperation in energy.
During his one-day visit to
Libya
Wednesday,
Greece
's
George Papandreou met Mahmoudi, before being received by Libyan leader Moamer
Gadhafi.
"We are today reviving a solid and historic relationship between the
leader Moamer Gadhafi and my father Andreas," when he headed the Greek
government in the 1980s, Papandreou was quoted by JANA as saying.
He added that Greek companies could contribute to
Libya
's
development programme, particularly in the fields of infrastructure and
archaeology.
A massive public deficit has dented international confidence in
Greece
's
economy, frightening traditional investors and lenders.
Last month, Athens agreed a rescue package worth EUR110 billion with the
European Union and International Monetary Fund to cover its debt obligations
after it could no longer afford to raise fresh funds on the international
markets.
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