AGP Executive Report
Last update: 8 hours agoLibya Oil & Gas Revival: Libya’s National Oil Corporation (NOC) says a new well is producing about 3,209 barrels of crude per day plus roughly 1.95 million cubic feet of associated gas daily, underscoring the sector’s broader recovery after years of disruption. Offshore Exploration Deal: Greece is watching closely as Libya’s NOC signs an offshore exploration agreement in Benghazi with a consortium including Turkey’s TPAO and EU-linked firms Repsol, MOL, Eni and QatarEnergy, covering a block of about 10,300 sq km near Benghazi. Production-Sharing Momentum: NOC also led major scientific output at PetroAfrica 2026 in Tunis, with NOC and subsidiaries accounting for over 70% of the conference’s research papers, spanning exploration, production, refining, environment, renewables and AI. Regional Energy Integration: The World Bank approved a $1.6bn programme to integrate Eastern Africa power markets and expand access to reliable electricity, supporting grid resilience and cross-border trade—an angle that matters for Libya’s energy planning and private participation. Connectivity for Trade: flydubai launched the first UAE direct flight to Benghazi, a new logistics and business link between the Gulf and eastern Libya.
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