AGP Executive Report
Last update: 9 hours agoElectricity & Heatwave Pressure: Libya’s heatwave is hitting hard again, with temperatures reported up to 48°C and renewed power cuts lasting 6–7 hours, disrupting water, telecoms, and food storage as residents protest across Tripoli and western towns. Energy Demand Snapshot: The NOC says Libya consumed 1.082 billion cubic feet of natural gas in 24 hours, led by GECOL power generation (917.19 million cubic feet), with cement plants and iron/steel also taking major shares. Cement Push: LAIP approved a major step toward launching Misurata cement production via a new joint-stock company for cement manufacturing and marketing, aiming to cut imports and support domestic demand. Governance & Unity Talk: US senior adviser Massad Boulos says eastern and western Libyan representatives are showing more willingness to cooperate, pointing to a unified development programme and unified state budget as groundwork for stability. US Embassy Reopening: Reports say the US is moving ahead with plans to reopen its embassy in Libya with a stated USD 41 million security push, signaling growing international engagement. Trade & Investment Signals: Qatar Airways received permission to open a Libya branch, while a Benghazi business session launched the first investment sukuk package worth over 1 billion dinars to fund real-asset projects. Regional Business Links: Pakistan’s chamber and officials urged boosting trade with Libya beyond $1bn, highlighting opportunities in textiles, processed food, engineering, construction materials, and oil-and-gas services. Electricity Sector Accountability: Libya’s High Council of State called for a full investigation into the electricity crisis, citing administrative failings and urging oversight bodies and prosecutors to examine technical and financial mismanagement.
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