AGP Executive Report
Last update: 8 hours agoEnergy Diplomacy: Delegations are arriving in Tripoli for the African Petroleum Producers’ Organization training officials’ forum hosted by Libya’s NOC, with a focus on building oil and gas skills and qualification programs across Africa. Oil & Gas Deals: After Libya’s 2025 licensing round, NOC signed three production-sharing agreements with Repsol (with TPAO), Eni (with QatarEnergy), and MOL Group (with TPAO and Repsol), aiming to expand exploration and lift production capacity. Offshore Exploration Push: MOL, Repsol and Türkiye Petrolleri (TPAO) also signed a deepwater Mediterranean production-sharing deal for Block O7 near Benghazi, including major seismic work and an exploration well. Regional Market Shift: Nigeria imported Libyan crude for the first time (about 64,500 bpd in May), while Egypt resumed imports and Tunisia increased purchases, as Libya’s exports fell 11% in May to 1.07 million bpd. Water & Agriculture: FAO held a Sabha workshop under Marwat 2 on groundwater conservation, promoting modern irrigation to protect southern Libya’s water reserves. Port & Logistics: Misurata Free Zone signed an MoU with Port of Antwerp-Bruges to support port development, logistics, digital transformation, and a planned bulk cargo terminal.
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