AGP Executive Report
Last update: 3 hours agoPublic finances: Libya’s foreign-currency deficit reached $4.7 billion in the first nine months of 2026, while oil accounted for more than 97% of state revenue. Foreign-currency assets fell to $95 billion from $99.4 billion at the end of last year. Banking: Nuran Bank received a stable A/A1+ national credit rating, with the agency citing strong capital and liquidity. Separately, prosecutors remanded two North Africa Bank officials over the alleged misappropriation of 13 million dinars. Energy: Oil production topped 1.4 million barrels a day, its highest level since 2013. The NOC is also preparing to process about 100 million cubic feet of gas a day from the Bouri field, supporting its goal to end gas flaring by 2030. Investment and trade: Libya and the United States signed a technology cooperation framework covering digital infrastructure, data centres and cybersecurity. Misrata Free Zone also held talks with Italy’s ambassador on investment opportunities, while Crown Airlines plans to acquire two A320s. Fuel supply: Sebha Municipality says its barcode refuelling system will resume next week to organize distribution and ease congestion.
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