AGP Executive Report
Last update: 6 hours agoLibya Energy Security: Libya’s Zawiya energy hub is under sustained drone attack, with the National Oil Corporation warning it could declare force majeure and suspend operations if strikes continue; fires hit fuel storage and the refinery complex, while a separate strike burned a key electrical substation, triggering outages and deepening the fuel-and-power squeeze. Oil Market Context: OPEC output rebounded in July, rising about 1.7M bpd month-on-month to around 23.6M bpd, with Libya contributing an increase of roughly 40,000 bpd—though regional disruption risks remain. Governance & Stability: Libya also saw fresh turmoil after the assassination of eastern military intelligence chief Fawzi al-Mansouri in Benghazi and the resignation of the central bank governor, adding pressure to investment confidence. Regional Diplomacy: Turkey’s FM Hakan Fidan continued engagement across Libya’s east and west, meeting leaders including Khalifa Haftar’s circle as Ankara pushes its “one Libya” approach.
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