AGP Executive Report
Last update: 4 hours agoEnergy Security in West Libya: A drone hit an untreated naphtha tank at the Zawiya Oil Refining Company early Saturday, creating two punctures and a limited fuel leak. Crews contained the spill, with no injuries or fire reported, but the refinery warned that military equipment near the site raises serious risks to people, property, and the wider fuel supply. Oil Output Push: Libya’s National Oil Corporation says it has received an operating budget of 13 billion dinars (about $2bn), aiming to lift crude production to 1.5 million bpd by mid-2027 and target 2 million bpd in the early 2030s. NOC also plans a $5bn tender for the North Gialo field within three months, with the winning bidder fully financing. UN Diplomacy for Industry Stability: Libya is seeking a non-permanent UN Security Council seat for 2028–29, with Japan formally backing the bid—an effort that could help support smoother international engagement for Libya’s energy sector. Regional Energy Partnerships: Türkiye says it is ready to implement projects in Azerbaijan’s oil and gas fields and highlighted long-term gas supply cooperation, including a 15-year deal starting in 2029.
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