AGP Executive Report
Last update: 8 hours agoOil Output Surge: Libya’s National Oil Corporation says crude production hit about 1.44 million bpd, with total crude plus condensate near 1.49 million bpd—Libya’s highest level since 2013 and edging toward a 1.5 million bpd target, boosting revenue prospects. Energy Sector Deals: The rise follows recent production-sharing agreements tied to Libya’s 2025 licensing round, including partnerships involving Repsol/TP, Eni/QatarEnergy, and MOL, alongside ongoing upstream activity. Fuel Subsidy Pressure: The Government of National Unity urged NOC and GECOL to curb distortions in the subsidized fuel market, warning that higher electricity tariffs for heavy users are pushing factories and services toward private generators and increasing subsidized diesel demand. Agri Clean Energy Push: The Agriculture and Livestock Ministry is moving to expand solar systems for agricultural projects, with farmers expected to access panels via Sharia-compliant Murabaha financing to cut operating costs and reduce reliance on traditional energy.
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