Berliner Boersenzeitung - Turkey and Libya sign maritime hydrocarbons deal

EUR -
AED 4.021503
AFN 73.974597
ALL 98.722789
AMD 422.669128
ANG 1.970756
AOA 999.073261
ARS 1065.84545
AUD 1.62179
AWG 1.971313
AZN 1.865626
BAM 1.955657
BBD 2.207839
BDT 130.670456
BGN 1.955539
BHD 0.41227
BIF 3225.864382
BMD 1.09487
BND 1.428296
BOB 7.583446
BRL 6.144196
BSD 1.09352
BTN 91.900888
BWP 14.51194
BYN 3.578539
BYR 21459.452596
BZD 2.204139
CAD 1.507253
CDF 3151.036344
CHF 0.938544
CLF 0.03677
CLP 1018.515607
CNY 7.736575
CNH 7.74406
COP 4594.964383
CRC 564.858743
CUC 1.09487
CUP 29.014056
CVE 110.256947
CZK 25.320626
DJF 194.715778
DKK 7.468879
DOP 65.835191
DZD 145.736004
EGP 53.12012
ERN 16.42305
ETB 130.945336
FJD 2.431492
FKP 0.833808
GBP 0.837761
GEL 2.972616
GGP 0.833808
GHS 17.446726
GIP 0.833808
GMD 75.002813
GNF 9434.310915
GTQ 8.455382
GYD 228.77329
HKD 8.507009
HNL 27.199013
HRK 7.444033
HTG 144.069477
HUF 401.69729
IDR 17046.195734
ILS 4.115431
IMP 0.833808
INR 92.119463
IQD 1432.49537
IRR 46096.769633
ISK 149.614412
JEP 0.833808
JMD 173.117355
JOD 0.77572
JPY 163.287865
KES 141.049698
KGS 93.615547
KHR 4442.675506
KMF 492.148233
KPW 985.382407
KRW 1477.330449
KWD 0.335611
KYD 0.911233
KZT 529.441329
LAK 23977.248695
LBP 97920.747843
LKR 320.076622
LRD 211.044585
LSL 19.108004
LTL 3.232867
LVL 0.662276
LYD 5.234618
MAD 10.723017
MDL 19.29959
MGA 5024.632999
MKD 61.6055
MMK 3556.09515
MNT 3720.368314
MOP 8.752161
MRU 43.289838
MUR 50.477604
MVR 16.806669
MWK 1896.161504
MXN 21.108366
MYR 4.69426
MZN 69.966278
NAD 19.108004
NGN 1795.587226
NIO 40.237061
NOK 11.711546
NPR 147.04126
NZD 1.792107
OMR 0.421471
PAB 1.09352
PEN 4.073302
PGK 4.300686
PHP 62.659822
PKR 303.53693
PLN 4.294386
PYG 8534.376647
QAR 3.986609
RON 4.980021
RSD 117.185076
RUB 104.753149
RWF 1472.392456
SAR 4.111472
SBD 9.086684
SCR 14.892612
SDG 658.568348
SEK 11.355384
SGD 1.429029
SHP 0.833808
SLE 25.014827
SLL 22958.871473
SOS 624.954353
SRD 34.97727
STD 22661.599096
SVC 9.568301
SYP 2750.893728
SZL 19.101605
THB 36.289509
TJS 11.656449
TMT 3.842994
TND 3.366254
TOP 2.564299
TRY 37.53401
TTD 7.422458
TWD 35.231608
TZS 2979.682363
UAH 45.028211
UGX 4018.706473
USD 1.09487
UYU 45.72666
UZS 13961.980213
VEF 3966224.203526
VES 42.519585
VND 27174.674155
VUV 129.98517
WST 3.062858
XAF 655.909092
XAG 0.034703
XAU 0.000412
XCD 2.958941
XDR 0.813441
XOF 655.909092
XPF 119.331742
YER 274.10111
ZAR 19.061233
ZMK 9855.148044
ZMW 28.89489
ZWL 352.547703
  • BCC

    3.4200

    142.37

    +2.4%

  • SCS

    0.3100

    12.91

    +2.4%

  • NGG

    0.5600

    66.24

    +0.85%

  • GSK

    -0.3800

    38.83

    -0.98%

  • RYCEF

    0.0100

    7.01

    +0.14%

  • CMSC

    0.1200

    24.71

    +0.49%

  • RELX

    0.4700

    46.83

    +1%

  • VOD

    -0.0900

    9.65

    -0.93%

  • JRI

    0.0300

    13.25

    +0.23%

  • RBGPF

    1.7400

    61.23

    +2.84%

  • RIO

    0.3900

    67.23

    +0.58%

  • BCE

    0.1600

    33.02

    +0.48%

  • AZN

    0.4800

    77.35

    +0.62%

  • CMSD

    0.1800

    24.95

    +0.72%

  • BP

    -0.2300

    32.11

    -0.72%

  • BTI

    0.0700

    35.18

    +0.2%

Turkey and Libya sign maritime hydrocarbons deal
Turkey and Libya sign maritime hydrocarbons deal / Photo: Mahmud Turkia - AFP

Turkey and Libya sign maritime hydrocarbons deal

Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in Libya's Mediterranean waters, three years after a maritime border deal that angered European nations.

Text size:

"We've signed a memorandum of understanding on exploration for hydrocarbons in Libya's territorial waters and on Libyan soil, by mixed Turkish-Libyan companies," Mevlut Cavusoglu said at a press conference in Tripoli.

The deal follows an agreement Turkey signed with authorities in Tripoli in 2019, which demarcated the countries' shared maritime borders but sparked anger in Greece and Cyprus.

Cavusoglu however stressed on Monday that the new accord was between "two sovereign countries -- it's win-win for both, and other countries have no right to interfere".

Najla al-Mangoush, foreign minister in Libya's Government of National Unity, said the new deal was "important", especially in light of "the Ukrainian crisis and its repercussions" for energy markets.

The deal was rejected by a rival administration in the war-torn country's east.

Turkey had signed a controversial security agreement in November 2019 with Libya's UN-recognised government at the time, laying claim to extensive, potentially gas-rich areas of the Mediterranean.

The deal came at the height of a year-long battle between rival governments vying for control of Libya's capital.

The arrival of Turkish drones shortly afterwards was seen as crucial in the victory of Tripoli-based forces against those of eastern military chief Khalifa Haftar, backed at the time by Egypt, Russia and the United Arab Emirates.

- 'Unacceptable' -

Turkey continues to play a major role in Libya's west, where rival governments are again struggling for control two years after the end of the last major conflict.

Since March, a government appointed by Libya's eastern-based parliament has been attempting to take office in Tripoli, but has so far failed.

Both the speaker of parliament and the head of the rival administration rejected Monday's accord.

Speaker Aguila Saleh, who has long argued that the Tripoli-based government's mandate has expired, called the deal "illegal and unacceptable", while the rival government of former interior minister Fathi Bashagha threatened to use the courts to annul it.

Cavusoglu was accompanied in Tripoli by a high-level delegation also including Turkey's energy, defence and trade ministers.

Libya has been mired in violence for more than a decade since the 2011 toppling of dictator Moamer Kadhafi in a NATO-backed uprising.

Dozens of armed groups have been struggling for influence, backed by multiple foreign powers.

(P.Werner--BBZ)