Greece and Egypt signed an agreement for the delimitation of the two countries' maritime boundaries in the Eastern Mediterranean Sea on 7 August 2020. The Greek Foreign Minister said that this was a 'historic day': the two states had reached an 'exemplary agreement' that 'reconfirms and enshrines the effect and the right of islands to a continental shelf and EEZ' in conformity with international law and the UN Convention on the Law of the Sea (UNCLOS). The Egyptian Foreign Minister stated: 'This agreement allows both countries to move forward in maximizing the utilization of the resources available in the exclusive economic zone, especially promising oil and gas reserves'.
The Greece-Egypt maritime delimitation agreement is available here (in Greek). This post provides some background context, observations on the text of the agreement, and implications of the agreement for the Greece-Turkey maritime boundary dispute.