AGP Executive Report
Last update: 6 hours agoPower Supply: GECOL has restarted work to rehabilitate two units at West Tripoli’s power plant, aiming to restore about 200 megawatts after a 14-year pause. Energy Investment: A Libyan delegation in Riyadh discussed a business council, Saudi investment partnerships and project financing; separately, a US presidential adviser discussed energy opportunities in Libya with ExxonMobil representatives. Industry: A Turkish-Libyan iron project near Benghazi is expected to mobilise $2.5 billion and produce more than eight million tonnes of direct-reduced iron annually once fully operational. Banking and Oil Revenue: The Central Bank is pursuing technical cooperation with the Bank for International Settlements to strengthen supervision and risk management. The Audit Bureau also published oil-revenue figures for the first half of October and called for accurate, consistent reporting amid a public dispute between the Central Bank and the National Oil Corporation.
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