Turkey, Libya Sign Exploration Deal for Mediterranean Waters

H.E. Mevlut avusoglu, the foreign minister of Turkey, and H.E. Najla al-Mangoush, the foreign minister of Libya, have signed a number of agreements for the discovery of hydrocarbons in the Mediterranean.

Turkey, Libya Sign Exploration Deal for Mediterranean Waters

The Prime Minister of the Libyan Unity Government, H.E. Abdul Hamid Dbeibé, was present at the signing ceremony on October 3 and emphasized the significance of the agreement and its potential to improve relations between Libya and Turkey.

At a press conference in Tripoli, H.E. Minister avusoglu said, "We've signed a Memorandum of Understanding on the exploration for hydrocarbons by Turkish-Libyan joint ventures in Libya's territorial waters and on Libyan soil." He continued, "The Hydrocarbon Agreement that we just signed aims to allow cooperation between Turkish companies such as exploration and drilling with a "win-win" understanding in our maritime jurisdictions both on land and at sea."

As a result of Russia's invasion of Ukraine and its effects on the world energy markets, H.E. Minister al-Mangoush emphasized the significance of the exploration deal.

As stated by H.E. Minister al-Mangoush, "We emphasize the necessity for the international community to carry out its duty towards Libya with more seriousness and awareness, and to deal strongly with and firmly against the nations blocking the peaceful and democratic process in Libya."


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