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Home » Tripoli Government Criticized by HoR for Oil Deal with Eni, Turkish and Emirati Companies

Tripoli Government Criticized by HoR for Oil Deal with Eni, Turkish and Emirati Companies

Saturday, February 10, 2024 Business 1 Min Read
Libyan House Backs Elections, New Government Roadmap

The House of Representatives of Libya has sent a letter to the ambassadors of France, Turkey and the UAE, expressing its objection to a planned partnership agreement for oil production in the Hamada field (NC7). The agreement, which is intended to be signed by the government in Tripoli, involves the Italian company Eni, the Turkish energy company and the Emirati company Adnoc.

The letter states that the government in Tripoli has no legal or constitutional authority to sign such an agreement, as it has lost the confidence of the House of Representatives and its term has expired. The letter also cites a resolution issued by the House of Representatives in 2023, which prohibits any contracts that affect the sovereign wealth of Libya, including oil, until a new government is elected by the people.

The letter warns that the agreement is a violation of Libya’s sovereignty and an exploitation of its political instability. It also says that the agreement will have a negative impact on the bilateral relations and the future cooperation between Libya and the countries and companies involved in the deal.

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FAO Holds Session in Sebha to Promote Groundwater Conservation and Protect Water Reserves...
https://libyaupdate.com/fao-holds-session-in-sebha-to-promote-groundwater-conservation-and-protect-water-reserves/

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15 Jun

Report: UN-African Coordination on Libya Meets Obstacles from Internal Complexities and ...Multiple Power Centers

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15 Jun

The Deputy Commander-in-Chief of the Armed Forces, General Saddam Haftar, met with the ...Greek Prime Minister, Kyriakos Mitsotakis, in the capital, #Athens, during an official visit to the Hellenic Republic.

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