Turkish President Recep Tayyip Erdoğan has approved the memorandum of understanding to boost economic ties and trade on Tuesday, state-run Anadolu news agency said.
The deal, intended to resolve issues between Turkish firms and Libyan employers, was signed on Aug. 13.
According to the deal, both governments emphasised the importance of continuing the execution of development projects in Libya, taking into account the country’s stability and laying foundations for a genuine bilateral partnership, Anadolu said.
Turkish Trade Minister Ruhsar Pekcan last month said that some contracting projects undertaken by Turkish companies in Libya have been interrupted recently.
Turkish officials have made several trips to Libya in recent months to discuss energy cooperation and investments, as well as security issues.
Ankara’s military support has been critical to helping the United Nations-recognised Government of National Accord (GNA) in pushing back a 14-month campaign to capture the capital city of Tripoli by rebel General Khalifa Haftar’s Libyan National Army (LNA), which is backed by Russia, the United Arab Emirates and Egypt, among others.
The LNA still controls eastern Libya and much of the south, where some of the country’s main oil fields are located. But the National Oil Corporation (NOC) and Central Bank, the only bodies allowed to sell Libyan oil under international agreements, are located in Tripoli under the GNA’s control.