CAIRO: Egypt and Greece have rejected a memorandum of understanding signed in Tripoli between Libya’s Government of National Unity and Turkey for gas and oil exploration in Libyan waters. One is the Government of National Unity of Abdul Hamid Dbeibah in Tripoli, who refused to step down after Libya failed to hold elections last year. We both challenged the legitimacy of the Libyan Government of National Unity to sign the said MoU.”He said he will visit Cairo on Sunday for further consultations. The Greek Foreign Ministry said that Greece is “closely following developments in Libya, particularly signing of an MoU on hydrocarbons between the Government of National Unity of Libya and Turkey. Greece said: “It is noted that the Turkish-Libyan memorandum of 2019 is illegal, invalid and non-existent.

The memorandum of understanding (MoU) signed on Monday between Turkey and the Libyan Government of National Unity "envisages the development of bilateral scientific, technical, technological, legal, administrative and commercial cooperation on land and sea in the field of hydrocarbons," Turkish Foreign Ministry Spokesperson Tanju Bilgic said on Tuesday in a statement, adding that objection of Greece and EU is "against both international law and the basic principles of the UN". Bilgic also urged the EU "not to exceed its authority, and to respect the sovereignty and equality of states in accordance with international law and UN principles". A high-level Turkish delegation paid a visit to Tripoli on Monday and signed an MoU that allows Turkey to explore oil and gas fields in some areas of the eastern Mediterranean, over which Greece claims to have sovereignty, Xinhua news agency reported. The Greek Foreign Ministry said on Monday that Greece intends to defend its sovereign rights with "all legitimate means". Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

The agreement was also rejected by the eastern Libyan parliament, which supports the government Fathi Bashagha. The Turkish Foreign Minister said Born Çavuşoğlu and the Libyan Minister of Foreign Affairs Naglaa Al-Manqush At a ceremony in Tripoli, the deal is one of several agreements in a memorandum of understanding on economic issues aimed at benefiting both countries. It was not immediately clear whether any projects would in fact appear that involved drilling in the “exclusive economic zone”, which Turkey and a previous government agreed on in Tripoli In 2019, angering eastern countries The Mediterranean Sea the other. From the perspective of this exclusive economic zone, the two countries share a maritime border, which was rejected by Greece and Cyprus and criticized by Egypt and Israel. Asked if other countries might object to the new MOU, Çavuşoğlu said: “We don’t care what they think.”“Other countries have no right to interfere,” he added.

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The remarks came in a meeting for Shakshak with the Deputy Heads of Presidential Council Mossa Al-Koni and Abdullah Al-Lafi. They reviewed the 2021 annual report of the Audit Bureau, whose Head, Shakshak, hailed the Presidential Council's keenness to follow up on the report to pit forth its notes. Shakshak said the PC is the first government institution to meet with the Audit Bureau's team as part of transparency and control efforts. The report of the Audit Bureau for 2021 was issued in September 20, 2022. It included information, remarks and recommendations on institutions of the state.

Foreign Minister of the Libyan outgoing Government of National Unity (GNU), Najla Mangoush, discussed with the German Special Envoy to Libya, Christian Buck, the possibility of holding the Berlin Conference III on Libya, stressing the government’s commitment to Berlin outputs I and II. This came during the reception of the German envoy on his first visit to Libya, at the headquarters of the Ministry of Foreign Affairs in the capital, Tripoli, in the presence of the German ambassador to Libya, Michael Unmacht.

Greek Foreign Affairs Minister Nikos Dendias spoke with his Egyptian counterpart Sameh Shoukry on Monday, and they both questioned the legitimacy of the memorandum of understanding between Turkey and Libya’s government of national unity, Greek diplomatic sources pointed out. It was also agreed that Dendias would visit Cairo for consultations on Sunday. Greek foreign affairs ministry statementGreece is following developments in Libya very closely, “especially Monday’s signing of a ‘memorandum of cooperation’ between the Government of National Unity (GNU) of Libya and Turkey in the field of hydrocarbons,” the Greek Foreign Affairs Ministry noted in a statement released on Monday evening. The “Turkish-Libyan ‘memorandum’ of 2019 is illegal, invalid and non-existent, therefore no entity has any right to invoke it,” it was stressed. “Any action or reference in implementation of said ‘memorandum’ will be de facto illegal, and -depending on its gravity- will carry a reaction both at the bilateral level and at the level of the European Union and NATO,” stated the ministry.

Commenting on the energy agreement signed between the Libyan outgoing Government of National Unity (GNU) and Turkey, Presidential Council (PC) said in a statement Tuesdaycooperation between states is regulated by international charters, norms, and local laws aimed at the interests of the peoples first. “Signing agreements and memoranda of understanding between governments aimed at strengthening cooperation and need to be approved by legislative bodies,” the statement pointed out. “We stress the importance of cooperation with all brotherly and friendly countries to serve the interests of the Libyan people and the future of their country,” it added.

Nicosia on Tuesday expressed concern over an agreement signed between Turkey and the Government of National Unity in Libya, which is expected to escalate tensions between Ankara and Athens. The Cyprus foreign ministry said the memorandum of understanding between Tripoli and Ankara was problematic as it is based on an illegal MOU the two signed in 2019. “It does not matter what they think,” said Cavusoglu when asked if other countries might object to the new memorandum of understanding. Retaliating, the Turkish foreign ministry said that statements in Athens were “pointless.”A statement out of Ankara said: “Objecting to this agreement on cooperation between two sovereign states is against both international law and the basic principles of the UN. The 2019 Turkey-Libya Memorandum of Understanding violates the sovereign rights of third countries, is inconsistent with the Law of the Sea, and cannot bring about any legal consequences for third countries,” the commission said.

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Adds Greek, Egyptian responseTRIPOLI, Oct 3 (Reuters) - Libya's Tripoli government signed a preliminary deal on energy exploration on Monday, prompting Greece and Egypt to say they would oppose any activity in disputed areas of the eastern Mediterranean. Speaking at a ceremony in Tripoli, Turkish Foreign Minister Mevlut Cavusoglu and Libyan Foreign Minister Najla Mangoush said the deal was one of several in a memorandum of understanding on economic issues aimed at benefiting both countries. That zone envisaged the two countries sharing a maritime border but was attacked by Greece and Cyprus and criticised by Egypt and Israel. An Egyptian foreign ministry's statement said on Monday that Foreign Minister Sameh Shoukry received a phone call from his Greek counterpart, Nikos Dendias, where they discussed the developments in Libya. Turkey has been a significant supporter of the Tripoli-based Government of National Unity (GNU) under Abdulhamid al-Dbeibah, whose legitimacy is rejected by the Libyan parliament.

The signing of the memorandum between the government of national unity of Libya based in Tripoli and Turkey did not have the triumphal character that Turkish officials and Turkish media tried to give it, diplomatic sources reported and noted that there was a series of strong reactions inside and outside Libya. First of all, there was the “removal” of the competent Minister of Petroleum, who had expressed reservations – “observations,” as he called them – regarding the draft of the memorandum that was finally signed. The Libyan Minister of Economy, in a last-minute move, it seems, acquired the relevant powers and signed on behalf of the government of national unity, at a time when the minister that was really responsible was in South Africa. The same sources underlined the reference of the Libyan Foreign Ministry, during the joint press conference with its Turkish counterpart, where it stated that the Turkish-Libyan “memorandum” of 2019 has not yet been ratified. Egypt’s reaction was also immediate, which also directly questioned the legitimacy of Monday’s memorandum.

“This is not the first time that Turkey appears to be ignoring the international context and trying to create precedents. However, no matter however often it tries to fabricate a reality with fiction and lies, it does not mean that this reality will be accepted and embraced by others. In this case, Turkey is trying to fabricate a reality around something that is illegal, and this has been acknowledged, accepted and agreed by all the major international players and international organizations,” Oikonomou told Greek state broadcaster ERT. “The Greek prime minister has never avoided or expressed his opposition to dialogue, to a discussion with very clear positions, very clear red lines,” he added. Relations between Greece and Turkey are at their worst in years, with Turkey issuing thinly veiled threats to invade Greece’s Aegean Sea islands.

The Central Bank of Libya (CBL) issued a statement on Monday denying adjusting the exchange rate of the Libyan dinar, stressing the continuation of work at the current exchange rate that was established under Board Resolution No. (01) of 2020. The Board of Directors of the CBL (parallel branch) in Al-Bayda announced earlier on Monday the adjournment of the Libyan dinar's exchange rate in a decision (No. 08) dated September 22 so that one US dollar became worth 4.26 dinars, compared to the CBL (in Tripoli) rate of 5 dinars. The statement said the new rate will be in effect starting October 16.

CAIRO - 4 October 2022: Egypt seeks to increase the volume of exports abroad by increasing production, in addition to achieving self-sufficiency in many products through increased investment. According to Ahmed Abdel Hamid, the Head of the Building Materials Division of the Federation of Industries, "there is an exceptional circumstance in the industry and economy in the world, but Egypt is able to exceed this period." He added, during telephone call with a TV show on Sada el-Balad TV Channel, that increasing exports to $100 billion is the great dream of President Sisi. He stressed that exports are the magic door to obtaining foreign currencies and solving problems, explaining that Libya, Iraq and Yemen are good futures for obtaining building materials that are produced in Egypt, such as cement and ceramics. Meanwhile, Ashraf El-Jazairy, head of the Chamber of Food Industries, said that the cabinet meeting with the industry bodes well in support of industry and solving industry problems in Egypt, adding that we seek to reach $100 billion in exports to foreign countries.