Libyan official on Egypt delaying Turkey deal
The Libyan Parliament has reaffirmed approval of the maritime boundary agreement with Turkey, signed in 2019, following pressures from Egypt and internal political influences. The agreement is considered part of efforts to harness maritime resources, as it is estimated to grant Libya an area of approximately 40,000 square kilometers and to enable Ankara to expand its influence in the Eastern Mediterranean and counter Greek claims. Additionally, the agreement could bolster Libyan-Turkish cooperation in oil and gas sectors and potentially contribute to improving relations between eastern and western Libya, reducing political divisions. The approval comes amidst prospects of future exploration activities involving foreign companies, particularly American firms. Egypt, in turn, might benefit from the agreement by reconsidering its own maritime zones, despite European objections related to legal issues and regional influence competition.
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