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Tripoli seeks more Turkish assistance in energy sector
14 September 2020

The Libyan authorities in Tripoli have invited Turkish companies to assist in energy production, offering them a larger share of the oil and gas reserves in the country.

"Libyan authorities have invited Turkish gas and oil companies to Libya, stressing that Turkish energy companies have not been able to not get the necessary share of oil and gas reserves in the country and should receive a higher share," said Murtaza Karanfil, head of the Foreign Economic Relations Board (DEIK) Turkey-Libya Business Council.

"We hope that the negotiations we initiated with the Libyan Oil and Gas Council at their request will be the beginning of a process that will result in the increased interest of the two countries," he told Andolu Agency (AA). "In the coming periods, we plan to sign an agreement on this issue, and we believe that this will create an unbreakable corridor between us and Libya."

The two countries signed an agreement in late 2019 on maritime borders. The agreement has been disputed by a number of neighbouring countries

Libya's government in Tripoli hopes that reviving the oil industry can help in the recovery from the damage caused by conflict for the past 9 years. 

source: commonspace.eu  

photo: The Bouri Oil Field off the Libyan coast (Picture courtesy of Reuters, London)

 

 

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