AGP Executive Report
Last update: 10 hours agoLibya Oil Sector: SLB says it will not scale back in Libya and plans to expand investment and work with the NOC to boost production, as the NOC also pushes for faster output amid financing and security pressure. NOC Operations: Mellitah Oil & Gas rehabilitated the Al-Rimal R-3 well, lifting output to 3,026 bpd after replacing completion equipment, re-perforating zones and installing an ESP. Food & Bread Industry: The Libyan Industry Union agreed with the Economy Ministry, Central Bank and flour mills to cap flour at 280 dinars per qintar for bakeries; eight mills start applying it, alongside a wider National Initiative to stabilize and regulate bakeries via flour quotas and monitoring. Power & Fuel Strategy: Libya is exploring switching power plants from liquid fuel to LNG to cut generation costs and reduce liquid fuel use, with coordination plans for grid stability. Infrastructure: Prime Minister Aldabaiba reviewed progress on Tripoli International Airport and Airport Road development, focusing on final completion stages and quality standards. Agriculture & Beekeeping: In Benghazi, the Bee Development and Improvement Authority met to expand nectar-rich pasture planting to support beekeepers and boost production. Regional Energy Diplomacy: Egypt, Greece and Cyprus renewed coordination on energy and security, including electricity interconnection and gas links, while also referencing Libya in broader regional discussions.
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