Erdogan’s Egypt Visit and Libya’s Oil Production

Localised agreement on a more stable Libya benefits both Türkiye and Egypt, with commercial opportunities in Libya increasing as a result.

Commercial Summary: Egypt and Türkiye have significant disagreements, but it may suit both sides to develop Libyan energy, potentially jointly, in a bid to reduce their dependence on Gulf Arab states, secure their energy supplies and coordinate their positions in support of Hamas.

Analysis:

The Israel – Gaza War and the Ukraine – Russia War has awakened r…