AGP Executive Report
Last update: 9 hours agoLibya Energy Update: Akakus Oil Operations says crude output hit a 12-year July high at 332,056 bpd, driven by drilling, new well tie-ins and efficiency gains at Sharara, with exports via pipeline to Zawiya. Power & Gas Conversion: Sirte Steam Power Plant is moving toward natural gas use after operational trials of a gas metering station; next steps include pipeline filling and pressure reduction before gas supply begins. Investment Climate: Libya’s Economy and Trade Ministry approved 104 decisions for foreign firms to open or extend operations in H1, with construction leading (38%) and oil next (34%), and Turkey topping the country list. Regional Industry Cooperation: Libya and Palestine discussed expanding economic and industrial cooperation, focusing on trade, investment and new partnership avenues. Oil Sector Diplomacy: Libya’s Economy and Trade Minister met Palestinian industry officials to broaden industrial ties. Aviation & Sanctions Risk: Reuters reports aircraft linked to a US contractor operated routes tied to Sudan’s RSF, including Al-Kufra Airport in Libya—raising scrutiny for logistics corridors. Oil Market Context: A wider push for regional refining and energy value chains is highlighted by upcoming APPO NOC-CEO plans in Cape Town, with Libya among expected participants.
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