Story thread · 2 reports / 2 sources

Egypt and Libya Near $1 Billion Oil Pipeline Deal

oilprice.com · 1dShare

Egypt and Libya are reportedly nearing a deal to build an 800-kilometer oil pipeline connecting Tobruk with Alexandria, creating a direct route for growing Libyan crude production to reach Egyptian refineries as the war with Iran disrupts Egypt’s traditional Gulf supplies. The proposed pipeline would cost more than $1 billion, according to a government official who spoke to Asharq Bloomberg on condition of anonymity. The two countries are now studying financing, implementation and the pipeline’s final capacity, which would be determined…

First report: Egypt, Libya begin studying $1B oil pipeline: What to know — al-monitor.com, 1d