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Libya & Tunisia Sign Oil & Gas Agreement

August 11, 2024
Libya & Tunisia Sign Oil & Gas Agreement
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On Friday, the Libyan Embassy in Tunisia, represented by the Labor Attaché and the Assistant Trade Attaché, participated in a significant signing ceremony in Sousse, Tunisia.

The partnership agreement involves the Libyan National Company for Supplying Fields and Ports, under the Libyan National Oil and Gas Corporation, and the Tunisian Workman Group, specialists in manufacturing safety and security equipment.

This agreement aims to bolster economic cooperation by providing professional safety equipment and hospitality uniforms for employees in the Libyan oil and gas sector, adhering to Libyan standards and regulations.

This move is part of broader efforts to strengthen economic ties and develop commercial partnerships between Libya and Tunisia.

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: gaslibyanocoilTunisia
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