AGP Executive Report
Last update: 6 hours agoLibya’s Oil & Power Crunch: Libya’s electricity and fuel crisis is hitting small businesses hard, with frequent outages and diesel bought on the black market as prices soar, while the country tries to boost gas exports to Europe. NOC/CBL Finance & Reform: The Central Bank of Libya says Governor Naji Issa met major Arab and international banks in London to push monetary stability, banking modernization, and digital payments upgrades. Water Infrastructure: Libya reactivated the Qardabiya–Sadada Man-Made River section after 13 years, installing 250+ valves and restarting operations to strengthen water security. Oil Sector Developments: OMV confirmed the Essar discovery in Libya’s Sirte Basin as commercially viable, with recoverable resources estimated up to ~45 million barrels and a fast, lower-cost rollout near existing facilities. Maritime/Red Sea Risk: Libya-linked regional shipping pressure continues as Bab al-Mandeb and Red Sea tensions rise, with wider effects on global energy flows and navigation. Industry & Trade Facilitation: Tripoli’s chamber and Libya’s economy ministry move toward regulating imports and mandatory digital registration for importers/exporters to tighten trade systems.
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