Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Action Speaks to Exhibit at The Nest Climate Campus During Climate Week NYC 2025

August 21, 2025

Reid Hoffman Says Vibe Coding Won’t Phase Out Productivity Software

August 21, 2025

Maguire – Oil & Gas 360

August 21, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Turkey Set for Deal to Explore Energy in Libyan Waters
Middle East

Turkey Set for Deal to Explore Energy in Libyan Waters

omc_adminBy omc_adminAugust 21, 2025No Comments5 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Libya’s eastern parliament is poised to let Turkey explore for energy in the North African nation’s waters, according to people familiar with the matter, in what would be a dramatic about-face that’s the latest sign of warming ties between Ankara and the region.

The House of Representatives in Benghazi is set to vote in the coming weeks on the 2019 pact that set out the terms of an exploration agreement, said people in Turkey and Libya familiar with the deliberations. Most obstacles to the accord have been removed, they said, declining to be identified because of the sensitivity of the issue.

The war-torn OPEC member is split between rival administrations in Benghazi and the western capital, Tripoli. The latter has strong relations with Turkey and already supports the deal, but staunch opposition from the east – where military commander Khalifa Haftar’s Libyan National Army holds sway – has hitherto prevented its enactment.

If approved, the agreement could kickstart oil and gas exploration by Turkish ships in a swathe of territory between Crete and Turkey, reinforcing Ankara’s claims in the eastern Mediterranean. That risks inflaming a dispute with Greece and Cyprus, which accuse Turkey of a bid for dominance in contested waters. 

Eastern Libya’s change of tack speaks to a new detente between Turkey and Haftar, who fought on opposing sides of a months-long battle for the Libyan capital in 2019 and 2020. Turkey militarily backed a previous Islamist-leaning government in Tripoli that Haftar – who counted the United Arab Emirates, Egypt and Russia among his allies – unsuccessfully sought to overthrow.

A United Nations-supported peace drive installed a new premier, Abdul Hamid Dbeibah, but has failed to mend the split. The Tripoli-based government and the east have periodic spats over revenue from Africa’s largest oil reserves and control of vital state institutions, although there’s been no major fighting between the two sides in years.

Turkey has in recent years been quietly working on building relations with Haftar. The initiative follows Ankara’s landmark rapprochement with Egypt after a roughly eight-year fallout stemming from Turkey’s stance on political Islam. The two countries worked together in Libya last year to resolve a power struggle over the central bank that risked spilling over into civil war.

Naval Visit

In a further sign of improving ties, a Turkish navy corvette, the TCG Kinaliada, is making a first visit to Benghazi’s port this week, while Turkey is considering sending military trainers and advisers, according to Turkish officials familiar with the moves. Haftar’s son and heir apparent, Saddam, met Turkey’s defense minister and army chief in Ankara in April.

While Mediterranean exploration is an important motivation, Turkey is also seeking to salvage business contracts worth billions of dollars that were thrown into limbo by the cycle of conflict that’s embroiled Libya since dictator Muammar Al Qaddafi was toppled in 2011.

Turkey has recently started direct flights to Benghazi, and some leading Turkish contractors are engaged in projects to rebuild the city and start production of industrial materials.

Among Eastern Libyan authorities, there’s a consensus that the agreement serves their interests and will bring in investment, according to a Libyan official familiar with the talks.

The dispute over the maritime territory has intensified in recent months after Greece in May announced an exploration tender for energy blocks south of Crete that extend into waters claimed by Libya.

The European Union has said the mooted Libya-Turkey deal infringes upon the sovereign rights of third states and doesn’t comply with the UN Law of the Sea.


What do you think? We’d love to hear from you, join the conversation on the

Rigzone Energy Network.

The Rigzone Energy Network is a new social experience created for you and all energy professionals to Speak Up about our industry, share knowledge, connect with peers and industry insiders and engage in a professional community that will empower your career in energy.

element
var scriptTag = document.createElement(‘script’);
scriptTag.src = url;
scriptTag.async = true;
scriptTag.onload = implementationCode;
scriptTag.onreadystatechange = implementationCode;
location.appendChild(scriptTag);
};
var div = document.getElementById(‘rigzonelogo’);
div.innerHTML += ” +
‘RIGZONE Empowering People in Oil and Gas‘ +
”;

var initJobSearch = function () {
//console.log(“call back”);
}

var addMetaPixel = function () {
if (-1 > -1 || -1 > -1) {
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);

/*End Meta Pixel Code*/
} else if (0 > -1 && 85 > -1)
{
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);
/*End Meta Pixel Code*/
}
}

// function gtmFunctionForLayout()
// {
//loadJS(“https://www.googletagmanager.com/gtag/js?id=G-K6ZDLWV6VX”, initJobSearch, document.body);
//}

// window.onload = (e => {
// setTimeout(
// function () {
// document.addEventListener(“DOMContentLoaded”, function () {
// // Select all anchor elements with class ‘ui-tabs-anchor’
// const anchors = document.querySelectorAll(‘a .ui-tabs-anchor’);

// // Loop through each anchor and remove the role attribute if it is set to “presentation”
// anchors.forEach(anchor => {
// if (anchor.getAttribute(‘role’) === ‘presentation’) {
// anchor.removeAttribute(‘role’);
// }
// });
// });
// }
// , 200);
//});



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Enstor to Acquire Black Bear Gas Pipeline System

August 21, 2025

Empire Allowed to Develop CO2 EOR Pilot in New Mexico

August 21, 2025

Australian Utility APA Posts Higher Annual Profit

August 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Action Speaks to Exhibit at The Nest Climate Campus During Climate Week NYC 2025

By omc_adminAugust 21, 2025

Action Speaks is set to return to Climate Week NYC with an all-new exhibit at The Nest…

MedcoEnergi lands 10-year production extension contract for offshore Thailand

August 21, 2025

Kent to acquire Exceed, growing well management, subsurface expertise

August 21, 2025

ConocoPhillips signs 20-year LNG purchase agreement with Sempra

August 21, 2025
Top Trending

Drought brings autumn harvest two weeks early, Waitrose says | Farming

By omc_adminAugust 21, 2025

Guest Post: Implications of the “One Big, Beautiful Bill Act” for Energy Industry

By omc_adminAugust 21, 2025

Hurricane Erin pounds US east coast as residents brace for ‘life-threatening’ waves | US weather

By omc_adminAugust 20, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20257 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

ConocoPhillips signs 20-year LNG purchase agreement with Sempra

August 21, 2025

Turkey Set for Deal to Explore Energy in Libyan Waters

August 21, 2025

Enstor to Acquire Black Bear Gas Pipeline System

August 21, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.