No goods for oil agreement made with Tunisia, Libya officials say

No goods for oil agreement made with Tunisia, Libya officials say

November 19, 2018 - 19:06
Posted in:
Written By: AbdulkaderAssad

The spokesman for the Head of the Presidential Council Mohammed El Sallak has denied the statement of Tunisia’s Foreign Minister about a Libyan-Tunisian goods for oil agreement.

El Sallak tweeted the rebuttal and dismissed the whole idea on behalf of the Presidential Council’s government.

Relatedly, the deputy head of finance committee at the Tunisian Parliament, Al-Mahdi Brahim has denied any oil for goods agreements with Libya.

Brahim told reporters that the Tunisian House of Representatives and finance committee were not informed of such trade deals, adding that exchange goods for goods is an old method of trade that is not used anymore among countries’ commercial business, saying that only money is used in trade between Libya and Tunisia.

The Tunisian Foreign Minister Khamis Jhinaoui said last Thursday that his country agreed with Libya on oil for goods exchange, explaining that a Tunisian delegation had visited Libya to further the agreement.

Meanwhile, the Tunisian Prime Minister Yousif Al-Shahid also announced last September in the Libya-Tunisia Economic Forum the start of discussions aimed at kicking off oil for goods exchange with Libya.

Libya and Tunisia‘s trade has gone down from 2 billion dollars to only one this year, according to a Tunisian official last July, wishing to increase the trade exchange with Libya to 3 billion dollars by 2020.