AGP Executive Report
Last update: 8 hours agoLibyan Oil Output Surge: Libya’s National Oil Corporation says crude oil and condensates hit about 1.4877 million bpd, the highest since 2013, pushing the country closer to its 1.5 million bpd target and signaling momentum for economic recovery. Power & Gas Supply: NOC also reports a reverse-flow gas operation at Mellitah feeding the Ruwais power station, enabling a shift away from diesel turbines and supporting up to 100 MW in the first phase. Fuel Subsidy Pressure: Libya’s Government of National Unity warned NOC and GECOL about distortions in the subsidized diesel market, as higher electricity tariffs are driving more factories and services onto private generators. Offshore Exploration Deal: MOL Group signed a production sharing agreement for deepwater offshore exploration in Libya (Block O7), with Repsol and TPAO, including seismic work and an exploration well. Agriculture Solar Push: Libya’s Agriculture and Livestock Ministry is moving to expand solar energy for agricultural projects, using Sharia-compliant financing to cut costs and boost production. Global Gas Flaring Watch: A World Bank-linked report flags rising gas flaring worldwide, underscoring the infrastructure and enforcement gaps that slow associated gas capture—an issue directly tied to cleaner, more efficient oil production.
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