Libya’s Ministry of Oil and Gas condemns Egypt-South Korea oil deal

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.