The Tripoli-based Libyan Ministry of Oil and Gas has publicly denounced the agreement signed between Egypt and South Korea for the export of Libyan oil via the Egyptian port of Garjoub. This denunciation follows an official statement on the Egyptian Ministry of Transport’s website and Facebook page.
The statement on the Egyptian Ministry of Transport’s Facebook page, dated November 28, disclosed the signing of a memorandum of understanding between the Egyptian government and the South Korean company STX. Notably, it includes the construction of an oil pipeline from Libyan territory to the Garjoub port for re-export to European nations.
The Ministry asserted that Libya should have been notified of such strategic decisions. This would allow the provision of expert technical advice from Libyan professionals in the oil sector.
The Ministry expressed its openness to joint ventures in oil and energy with Egypt, aiming for mutual benefits and respecting each country’s sovereignty. This includes encouraging initiatives like Libyan oil refining projects in Egypt.
Source : Libya Update