Libya to Export Oil to Egypt in EGP

Libya to Export Oil to Egypt in EGP

A legal advisor for the army affiliated with Libyan general Khalifa Haftar and his interim government, Salah Abdul Kareem, said that Libya is ready to export Libyan petroleum oil to Egypt for Egyptian Pounds to alleviate Cairo’s burden to secure foreign currency for fuel purchases, Libya Prospect reported.

Abdul Kareem added that the plan for oil exports to Egypt was presented to the Libyan House of Representatives, the National Oil Corporation, and the governor of the Central Bank of Libya, according to Libyan Express.

This news comes as Egypt’s Foreign Minister, Sameh Shoukry, said that Egypt supports the Libyan army’s move to secure the country’s oil wealth while preserving stability and security, Ahram Online informed.

Shoukry’s statement came days after troops loyal to Libyan general Khalifa Haftar seized two major oil export terminals as the Tripoli-based Government of National Accord (GNA), backed by the UN, struggles to assert its authority over the oil-rich country.


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