AGP Executive Report

Energy Cooperation: Libya’s oil and gas minister met Qatar’s energy minister in Moscow to discuss bilateral cooperation, while Economy Minister Suhail Abu Shiha and UNDP officials reviewed plans to boost productive investment, infrastructure and public-private partnerships. Gas Production: Libya brought the Al-Rashad field online with capacity of up to 50 million cubic feet a day to supply power plants and industry. At Brega, Sirte Oil restarted a gas-processing unit expected to send about 60 million cubic feet into the network, and the refinery and two methanol plants have also resumed operations. Offshore Investment: Joint Oil’s Tunisia–Libya bid round remains open until December 31, covering exploration acreage and development of the cross-border Zarat discovery. Investment Push: Prime Minister Abdul Hamid Dbeibeh used the World Investment Forum in Qatar to call for practical partnerships and a stronger climate for local and foreign investment.

Energy Cooperation: Libya and Qatar’s energy ministers discussed bilateral cooperation in Moscow, while Libya and Russia agreed to work toward restarting their intergovernmental commission and exploring joint energy projects. Offshore Investment: Joint Oil’s Tunisia–Libya bid round remains open until December 31, covering exploration acreage and development of the cross-border Zarat discovery. Gas & Refining: Libya commissioned the Al-Rashad gas field, with capacity of up to 50 million cubic feet a day for power plants and industry. Brega’s 10,000-barrel-a-day refinery, gas-processing unit and two methanol plants have also resumed operations; the processing restart could send about 60 million cubic feet of gas into the network instead of flaring. Investment Prospects: At a Qatar investment forum, Prime Minister Abdul Hamid Dbeibah promoted opportunities in energy, infrastructure, agriculture and industry. Maritime Dispute: Parliament’s ratification of the Turkey maritime agreement has heightened regional objections, with potential implications for offshore energy exploration.

Gas & Refining: Libya opened the Al-Rashad field, capable of producing up to 50 million cubic feet of gas a day, as the Brega refinery, a gas-processing unit and two methanol plants resumed operations after maintenance. NOC says the gas unit can send 60 million cubic feet into the national system instead of flaring it. Oil Supply Risks: An unauthorized closure of a pipeline valve near Zawiya has cut flows from the Hamada and Tahara fields, underscoring the vulnerability of production and export infrastructure. Offshore Energy: Eni’s Bouri gas-utilisation project has been completed, with start-up underway to capture associated gas. Investment: Libya’s Oil Industry Localisation and Investment Forum is being held in Tripoli on Oct. 25–26; Misrata Free Zone is also seeking investors for a Libyan-Italian business forum next month. Maritime Energy: Parliament’s approval of the Libya-Türkiye maritime deal could shape future exploration rights, but objections from Egypt and Greece add uncertainty.

Investment: Libya is represented at the World Investment Forum, which opened in Doha on Sunday as UNCTAD reported continued weakness in new projects and a drop of more than 25% in investment in key sectors across developing economies. Oil Supply: The NOC says an armed group shut a valve on the Hamada–Zawiya pipeline, blocking crude from the Hamada and Tahara fields and forcing output cuts. Energy Projects: Eni and Libya’s NOC have completed the offshore Bouri gas-utilisation project, with start-up underway to recover associated gas and reduce emissions; a Libyan oil-industry localisation and investment forum is also taking place in Tripoli this week. Maritime Economy: Libya’s first national Blue Economy Strategy is being developed, with priorities spanning fisheries, aquaculture, marine energy, coastal tourism and transport. Trade: Libya is seeking to increase grain and meat exports from Kazakhstan.

Oil Supply: Libya’s NOC says unidentified people shut a pipeline valve near Zawiya, disrupting flows from the Hamada and Tahara fields, which together produce about 90,000 barrels a day. The outage adds pressure as Brent trades near $117 a barrel. Eastern Mediterranean Energy: Prime Minister Abdulhamid Dbeibah says Libya is ready to address Egypt’s concerns over maritime boundaries after the eastern parliament approved the Türkiye deal, which has stirred regional objections and uncertainty over offshore exploration. Blue Economy: Libya has begun shaping its first national strategy, with priorities including fisheries, aquaculture, marine energy, desalination and shipping; adoption is targeted for early 2027. Gas Development: Eni and Libya’s NOC have completed the Bouri associated-gas project, with start-up underway to recover gas and cut emissions. Investment: Misrata Free Zone will host a Libyan-Italian business forum on November 1–2, seeking partnerships in industry, logistics, trade and energy.

Oil and Gas: Brent climbed to $116.72 a barrel, its highest since April, as regional attacks heightened supply concerns. Libya also faced a domestic disruption: an unauthorised valve closure on the pipeline serving the Hamada and Tahara fields cut output. Gas Projects: Eni and Mellitah completed the Bouri associated-gas project, with start-up underway to recover gas and reduce emissions. Investment: OMV, TotalEnergies, BP and Repsol are backing the 2027 Libya Energy & Economic Summit as sponsors. Tripoli’s Libya Oil Industry Localisation and Investment Forum is set for Oct. 25–26, while Misrata Free Zone will host a Libyan-Italian investment forum on Nov. 1–2. Trade and Resources: Libya’s eastern parliament approved the maritime agreement with Türkiye, putting offshore resource claims and exploration prospects back in focus. The Misrata forum aims to attract partnerships in industry, trade, logistics and energy.

Oil Production: An unauthorized valve closure on the Hamada–Zawiya pipeline cut output at the Hamada and Tahara fields, adding to supply concerns as Brent climbed above $117 a barrel. Gas Development: Eni and the National Oil Corporation have completed the Bouri associated-gas recovery project, with start-up underway; the project aims to reduce flaring and emissions. Investment: OMV, TotalEnergies, BP and Repsol will back the 2027 Libya Energy & Economic Summit as Libya pursues higher production and new exploration. Misrata Free Zone will host a Libyan-Italian business forum on November 1–2 to attract investment in industry, trade, logistics and energy. Food and Trade: Libya is seeking to expand grain and meat exports from Kazakhstan and has signed a food-security agreement in Astana.

Oil and Supply: Brent climbed above $115 a barrel, while Libya’s NOC reported that a closed pipeline valve near Zawiya cut output at the Hamada and Tahara fields. The disruption adds pressure to a market already unsettled by attacks on Middle East energy and shipping routes. Refining: NOC and Zallaf reviewed progress and 2027 targets for the Southern Refinery, including fuel storage and distribution systems intended to strengthen supplies in the south. Gas Investment: Eni’s Bouri associated-gas project has been completed, with start-up underway. The project is designed to recover gas that would otherwise be flared and reduce emissions. Food and Trade: Kazakhstan is seeking to expand grain and meat exports to Libya, while direct mill-to-bakery flour sales have lowered prices by more than 14%—though bakeries reported no drop in bread prices. Libya and Indonesia also signed a deal to facilitate trade and direct business links.

Banking: Libya’s central bank said unidentified individuals raided its Tripoli headquarters hours after parliament accepted Governor Naji Issa’s resignation in principle and named an interim chief, raising fresh concerns about institutional stability. Oil Production: A valve shut on the pipeline from the Hamada and Al-Tahara fields to Zawiya cut output, the NOC said, warning that prolonged disruption could force production to stop. Energy Investment: OPEC Secretary General Haitham Al Ghais is due at the Libya Energy & Economic Summit in Tripoli in January, as the country seeks investment to expand production. Eni’s Bouri gas-utilisation project has also been completed, with start-up underway to recover associated gas and reduce emissions. Food Supply: Flour prices fell more than 14% after mills began direct sales to bakeries, though bread prices had not yet declined. Kazakhstan is also discussing increased grain, beef and lamb exports to Libya. Offshore Energy: Eastern Libya’s parliament approved the Turkey maritime deal, sharpening disputes over Mediterranean boundaries and potential exploration rights.

Oil Operations: Unidentified individuals shut a pipeline valve near Zawiya, cutting output at the Hamada and Tahara fields. The NOC warned the disruption could deepen and urged authorities to secure the site; Libya produces about 1.4 million barrels a day. Energy Markets: Brent climbed above $112 a barrel, its highest since May, amid escalating regional conflict and concerns over supply disruptions. Oilfield Technology: Libya is expanding AI, automation and digital systems to improve efficiency and support the NOC’s target of 2 million barrels a day, while developing local engineering talent. Gas Recovery: Eni and the NOC have completed the Bouri gas-utilisation project, with start-up underway to recover associated gas and cut emissions. Food Supply: Kazakhstan and Libya discussed expanding agricultural trade, including potential grain, beef and lamb supplies to Libya.

Oil and Gas: Eni and Libya’s NOC have completed the Bouri Gas Utilization Project and begun start-up, aiming to recover gas now flared and supply up to 700 million cubic metres a year to Libyan power plants and the GreenStream export pipeline. Digital Oilfields: Libya is linking AI, automation and communications upgrades to its next oil-production push, with a government initiative inviting local engineers and tech firms to develop solutions for industry needs. Power: GECOL and Germany’s ambassador discussed working with Siemens to improve grid efficiency, develop projects and train Libyan technical staff. Food Security: Libya signed an MoU with the Islamic Organization for Food Security to support agricultural and livestock production, value chains and technical cooperation. Offshore Energy: Eastern Libya’s parliament approved the 2019 maritime deal with Türkiye, which could shape competing claims over eastern Mediterranean energy resources; Greece and the EU object, while Ankara calls the pact legitimate.

Offshore Gas: Eni and Libya’s NOC have completed the Bouri gas-utilisation project, with start-up underway to recover gas previously flared. The project is expected to supply about 700 million cubic metres a year for domestic power and exports to Italy, while cutting emissions. Exploration: Libya’s Oil and Gas Ministry discussed geological data and exploration cooperation with British firm Geoex MCG, which is interested in operating in the country. Investment: Libya’s eastern parliament approved the disputed maritime agreement with Turkey, drawing EU and Greek objections. The pact concerns competing claims and could affect offshore energy exploration. Local Industry: A Tripoli forum on 25–26 October will bring government and private-sector players together to discuss localising oil-sector industries and services, investment, and technology transfer.

Offshore Gas: Eni and Libya’s National Oil Corporation have completed the Bouri gas recovery project, with start-up underway. It is expected to supply about 700 million cubic metres of gas a year for power generation and exports, while cutting emissions by 1.5 million tonnes annually. Oil and Gas Investment: Libya’s Oil and Gas Ministry held talks with British firm Geoex MCG on geological data and exploration opportunities. A Tripoli forum on 25–26 October will bring industry and government together to promote local oil-sector services and investment. Offshore Exploration: Eastern Libya’s parliament approved the contested maritime agreement with Turkey, a shift that could shape energy exploration in the eastern Mediterranean, though Greece and the EU dispute the deal’s legality. Infrastructure: Libya is seeking contractors for an $8 billion gas project, while Brega Oil and OLA Energy have broken ground on a new Tajoura oil depot.

Gas Recovery: Eni and Libya’s NOC have completed the Bouri offshore gas project, with start-up underway. It could recover 700 million cubic metres a year for power generation and exports, while cutting emissions by about 1.5 million tonnes annually. Offshore Development: Libya is seeking contractors for an $8 billion gas project, as further subsea work is planned for next year. Trade and Supply Chains: Libyan and Somali officials discussed livestock imports, food security and streamlining banking and logistics to support trade. Reconstruction: Libya’s Development and Reconstruction Fund explored infrastructure and investment partnerships with a Chinese delegation. Maritime Energy: Libya’s eastern-based parliament reportedly approved the 2019 maritime agreement with Turkey, a move that could affect offshore claims and energy exploration in the Eastern Mediterranean.

Oil & Gas: Eni and Libya’s NOC have completed the Bouri gas utilisation project and begun start-up, targeting about 700 million cubic metres of gas a year for domestic power and possible exports, while cutting emissions by 1.5 million tonnes annually. Gas Investment: Libya is seeking offshore contractors for an $8 billion gas project. Digital Infrastructure: O3 Group unveiled plans for a national digital platform after the Medusa submarine cable made its first Libyan landing in Benghazi; a Tripoli landing is planned. Mining: African Mining Week’s new forum brings together state mining companies from Libya and other African countries, with leaders urging local processing, jobs and stronger supply chains. Trade & Reconstruction: Libya and Somalia discussed livestock imports and smoother trade logistics, while Libya’s Development and Reconstruction Fund explored Chinese cooperation on infrastructure and investment.

Gas Production: Eni and Libya’s NOC have completed the Bouri gas-utilisation project, with start-up preparations underway. It could supply about 700 million cubic metres of gas a year to the domestic market, support exports to Europe and cut emissions by around 1.5 million tonnes of CO₂ annually. Digital Infrastructure: Benghazi-based O3 Group has unveiled plans following the Medusa submarine cable’s landing, including a 16,000-kilometre fibre network, a data centre and a pilot 5G service by year-end. Offshore Investment: Libya is seeking contractors for an $8 billion gas project, as the country looks to develop offshore resources. Power Supply: The Planning Ministry and GECOL are coordinating an emergency plan covering generation-unit maintenance, grid repairs and spare-parts procurement to improve electricity reliability. Energy Cooperation: A Libyan-European oil and gas forum is scheduled for Madrid on 2–3 December, with more than 70 companies expected to discuss investment, production growth and services.