Energy Capital & Power

Libya, Egypt Cement Bilateral Energy and Economic Cooperation

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Image: Egyptian Cabinet via Facebook

Egypt and Libya signed 14 Memoranda of Understanding (MoUs) and six executive agreements – witnessed by Egyptian Prime Minister H.E. Mostafa Madbouy and Libyan Prime Minister H.E. Abdulhamid M. A. Al Dabiba – during the 11th session of the Egyptian-Libyan Joint Higher Committee in Cairo on 16 September.

As diplomatic and trade alliances continue to shift within the Eastern Mediterranean region, Egypt has emerged as one of several key players to align itself with the Government of National Unity in Tripoli and pledge its support for Libyan sovereignty and opposition to foreign interference.

The MoUs signed span the fields of agriculture, industry, hydrocarbons, communications, civil aviation, housing, construction and youth and sports, among others; and included agreements between the Central Agency for Organization and Administration in Egypt and Civil Service in Libya, as well as the Egyptian Industrial Development Authority and Libyan Ministry of Industry and Minerals.

The Joint Committee meetings also laid the foundation for several road, bridge and infrastructure projects in Libya, including agreements between an Egyptian coalition of companies and the Libyan Housing and Infrastructure board to build a third ring road in Tripoli, as well as with the Libyan Ministry of Transport to provide maintenance services for the Ajdabiya-Jallu highway.

Within the energy sector, the Libyan General Electricity Company signed an agreement with the same group of Egyptian companies to construct and supply two gas stations in the cities of Derna and Mellita. Finally, the two North African nations signed agreements regarding land transport, maintenance and development of the Salloum port and the Musaed land linking Egypt and Libya.

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Grace Goodrich

Grace Goodrich

Grace Goodrich is a Publications Editor at Energy Capital & Power, where she writes about the intersection of energy, policy and global finance in sub-Saharan Africa's fastest-growing economies. Grace produces our Africa Energy Series investment reports in Angola and Equatorial Guinea (2019), as well as co-authored African Energy Chamber: Road to Recovery (2021).