Ankara eyes offshore hydrocarbon exploration in Libya, minister says - News Summed Up

Ankara eyes offshore hydrocarbon exploration in Libya, minister says


In an interview published on Friday by the Turkish newspaper Sabah, Turkey’s Energy Minister Alparslan Bayraktar announced that Ankara is seeking to conduct offshore surveys for hydrocarbons in Libyan maritime zones. Bayraktar also highlighted that, for Turkey, the Black Sea is a higher priority for hydrocarbon exploration compared to the Aegean and Mediterranean seas. He stated, “The Mediterranean’s potential appears to be higher than that of the Aegean, but the Black Sea holds the most promise. Turkey and the Tripoli-based Government of National Accord (GNA) signed a maritime memorandum in 2019, which delineates their claimed exclusive economic zones. In response, Athens signed a partial delimitation agreement with Cairo, defining their exclusive economic zones in the eastern Mediterranean.


Source: Libya Today July 26, 2024 23:27 UTC



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