AGP Executive Report
Last update: 9 hours agoGas Production: Libya inaugurated the Al-Rashad field near Brega, with capacity of up to 50 million cubic feet per day. Separately, Sirte Oil restarted a Brega processing unit, expected to deliver about 60 million cubic feet of gas to the network instead of flaring it. Digital Infrastructure: O3 Group announced the Medusa submarine cable’s arrival in Benghazi, alongside plans for fibre networks, 5G and data centres; the cable is not yet confirmed operational. Energy Investment: Joint Oil’s offshore bid round in the Tunisia–Libya basin remains open until December 31, covering exploration and development of the cross-border Zarat discovery. Economic Development: Libya’s economy minister and UNDP regional director discussed investment, infrastructure and support for productive businesses, with inflation and weak growth in goods and services among the challenges. Energy Cooperation: Libya’s oil and gas minister met Qatar’s energy minister in Moscow to discuss bilateral cooperation. Fuel Costs: Libya was among African countries recording a slight diesel-price decrease in October, potentially easing costs for transport, farming and businesses.
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