AGP Executive Report
Last update: 3 hours agoLibya Oil & Gas Security: Zawiya Oil Refining Company reported a drone hit on an untreated naphtha tank early Saturday, causing a limited leak with no fire or injuries; the firm urged armed groups to keep military equipment away from the refinery amid recent clashes in Zawiya and Surman. Waha Oil Operations: Waha Oil said it contained a leak on the Zaqout-Sidra pipeline within 24 hours and resumed pumping at 4:00 a.m., with output typically around 340,000–400,000 bpd. National Oil Corporation Budget Push: NOC chairman Masoud Suleiman announced a 13 billion dinar operating budget (about $2bn) to lift Libya’s production toward 1.5 million bpd by mid-2027, restart wells, and launch a $5bn tender for North Gialo field development. Derna Accountability: A Derna court began the trial over the Storm Daniel dam collapse, focusing on alleged negligence in maintenance, operations, and public warning systems, alongside ongoing reconstruction. Energy Market Spillover: With Hormuz constrained again, LNG and gas prices jumped, raising costs for Europe and Asia—an external pressure that can feed into Libya’s energy economics. Regional Energy Diplomacy: Türkiye’s TPAO said it is expanding overseas output ambitions, naming Libya among key partnership destinations.
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