AGP Executive Report
Last update: 7 hours agoLibya Energy & Gas: The World Bank reports global gas flaring hit 167 bcm in 2025 (up for a third straight year), wasting fuel worth about $54bn and undercutting Africa’s push for reliable power and industrial growth; Libya is named among the top flaring countries, with flaring intensity largely unchanged. Methane Cuts: A CATF/Carbon Limits study says Algeria and Nigeria offer the biggest methane-reduction opportunities at relatively low cost using existing tools like leak detection and repair, vapor recovery, better flaring, and replacing gas-driven equipment—Libya is included in the assessed group. Oil Market Politics: Iraq warns it may leave OPEC if its quota isn’t raised to match capacity and fiscal needs, coming after the UAE’s exit from OPEC+ reduced the group’s market influence. Maritime Dispute: Greece’s ratified offshore oil-and-gas lease deals south of Crete renew tensions with Turkey and Libya, which call the permits unlawful and encroaching on disputed maritime jurisdiction. Security & Trade: Misrata Free Zone customs seized 4,752 hashish blocks (over 5,000 kg) in two containers, arresting a suspect as legal steps begin. Industry & Investment: Russia and Libya discussed implementing economic agreements, while Libya’s oil output is reported at its highest since 2013, nearing 1.5m bpd.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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