Tuesday, July 1, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Turkey Interested in Libya’s Offshore Oil & Gas Projects

July 27, 2024
Turkey Interested in Libya’s Offshore Oil & Gas Projects
Share on FacebookShare on Twitter

In a statement to the Turkish newspaper Sabah, Turkish Energy Minister Alparslan Bayraktar announced Ankara’s desire to conduct external surveys to explore hydrocarbons in Libyan maritime areas.

Bayraktar described Libya as a key country for energy resources and emphasized Turkey’s interest in both offshore and onshore oil and natural gas projects there.

He noted that there are areas where Tripoli and Ankara are close to reaching an agreement, with potential developments on the horizon.

According to the newspaper, the Greek Ministry of Defense warned Turkey on Friday that Greece would not tolerate any illegal Turkish activities within the exclusive economic zone established under the 2020 agreement between Athens and Cairo.

Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.

Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.

The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.

The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.

Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.

Tags: Alparslan BayraktarHydrocarbon ExplorationlibyaTurkey
Next Post
Libya Announces New International Partnership for Strategic Investment

Libya Announces New International Partnership for Strategic Investment

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya to Enforce ID Registration for All Foreign Nationals

Greece Reaffirms Rejection of Turkey-Libya Maritime Agreement

Haftar Holds Talks with Egypt’s El-Sisi on Libya’s Stability

Greek Navy Joins EU Push to Stop Migration from Libya

Libya’s Central Bank Governor Calls for Ban on Non-Banking Imports

NIHRL Holds Libyan Government Responsible for Ceasefire Breach

EDITOR PICKS

Libya Deports 70 Egyptian Migrants

Libya Launches Digital Platform for Commercial Ship Arrivals

Libyan PM Osama Hammad Arrives in Belarus

France Reaffirms Support for Libya’s Transparency Efforts

Greece Reaffirms Rejection of Turkey-Libya Maritime Agreement

Greek Navy Joins EU Push to Stop Migration from Libya

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR