Cairo has initiated steps to secure its energy needs by turning to Libya, aiming to import approximately 1 million barrels of crude oil per month. This strategic move follows a partial halt in Kuwaiti supplies, triggered by shipping disruptions in the region amid the escalating military conflict between the United States and Iran.
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According to sources cited by Alsharq Bloomberg on Sunday, negotiations are currently underway between relevant authorities in Egypt and Libya to establish supply arrangements. These talks aim to ensure the continuous operation of Egyptian refineries.
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These maneuvers coincide with heightened tensions in the Strait of Hormuz, which prompted Kuwait to reduce production and declare force majeure on certain exports. These geopolitical developments have intensified pressure on regional energy markets, driving Cairo to seek more stable and geographically accessible alternatives to bolster its oil security.