AGP Executive Report

Power & Governance: Haftar’s family is further strengthening its role in Libya’s transition after Saddam Haftar was credited with securing the release of freed American hostage Kevin Rideout, boosting the clan’s standing with Washington amid a planned Tripoli–Benghazi power-sharing framework. Energy & Utilities: Widespread electricity outages hit eastern Libya, with thousands of fault reports logged and crews working to restore supply after grid failures. Oil Integrity: Libya’s Presidential Council has referred UN reports on illegal oil exports, fuel smuggling and diversion to the prosecutor, calling for investigations into alleged networks and related contracts, quantities and beneficiaries. Trade & Investment: Benghazi launched phase two of its port redevelopment, adding berth depth, cranes and logistics upgrades to lift container handling capacity. Foreign Economic Links: Libya’s acting foreign minister met Iraq’s top officials in Baghdad to restart the long-dormant joint committee and push cooperation in education, health and oil, with memorandums expected. Local Business & Food Security: Tripoli’s bakery authorities discussed bread shortages and operating pressures tied to power cuts, diesel constraints and the exchange-rate squeeze. EU-backed Fisheries: Zliten opened an EU-supported fish market and experimental lab to improve storage, traceability and commercialization. Regional Connectivity: Direct flights resumed between Tripoli and N’Djamena, framed as a new trade and diplomatic artery. Turkey–Libya Commerce: Turkey reported rising exports to OIC states, with Libya among key markets, reflecting deeper commercial integration.

Power & Utilities: GECOL says it received about 8,000 reports of sudden outages and technical faults in eastern Libya after Saturday morning, with the vast majority handled by field teams; Tripoli later put the figure at 9,750 as repairs continued. Bread & FX Pressure: Tripoli’s Industry Ministry met bakery leaders to tackle the bread shortage and rising costs, blaming power cuts, diesel scarcity, and a jump in the black-market dollar rate (LD 9.20) that feeds higher input prices. Central Bank–Government Coordination: CBL Governor Naji Issa met PM Abdelhamid Aldabaiba to align fiscal and monetary policy under the Unified Spending Agreement, reviewing public revenue/expenditure procedures and compliance steps. Aviation & Trade Links: Afriqiyah Airways resumed direct flights between Tripoli and N’Djamena after years, with the Chadian embassy citing improved travel and new economic and diplomatic “arteries.” EU-Backed Fisheries Upgrade: Zliten opened an EU REBUILD fish market and experimental laboratory to improve storage, refrigeration, commercialization, and supply-chain traceability for local and international buyers. Housing Delivery: NHRP signed contracts for 831 Misrata units under the Hamad Palace Housing Project, funded via the Savings and Real Estate Investment Bank. Libya–Turkey Business Push: PIB met Turkish business groups to explore investment in electricity, medical supplies, packaging, and soilless farming, and to plug into reconstruction projects.

Power & Grid Instability: Eastern Libya saw widespread electricity outages, with GECOL reporting thousands of fault reports and crews working to restore service after another round of blackouts. Energy Partnerships: Libya’s National Development Authority held talks in Cyprus with the Chamber of Commerce on renewable energy, solar, storage, and port/airport modernization—aimed at easing the power crisis. Industrial Push in Tobruk: Emaar Libya Holding inaugurated the first phase of industrial development factories at Tobruk Seaport to revive stalled facilities, create jobs, and boost local industry. Foreign Currency Rules: Libya’s Ministry of Economy introduced a new formula limiting companies’ access to foreign currency for trade based on taxes paid and workforce size, targeting firms with weak real economic activity. Construction & Housing Finance: Nantong Construction explored restarting Libya’s prefabricated building factory, while Misrata’s NHRP signed contracts for 831 housing units under the Prime Minister’s housing initiative. Fuel Logistics: Tripoli began supplying diesel to trucks via mobile stations on the airport road, expanding to four units and reporting hundreds of trucks served. Trade Links with Turkey: Libya’s Privatisation & Investment Board met Turkish business groups to explore investment in electricity, medical supplies, packaging, and farming technologies, including reconstruction opportunities.

Eastern Libya Power Crunch: GECOL says it logged about 8,000 reports of sudden outages and faults since Saturday morning, with crews working to restore service; Tripoli later cited 9,750 reports, while local media reported major cuts across the east. Load-Shedding Governance: The Tripoli government ordered “fair” load-shedding across regions, excluding health facilities and oil sites, and set up complaint phone lines to manage public anger. Fuel Logistics for Trucks: Mobile diesel stations began supplying trucks on Tripoli’s Airport Road with Brega Petroleum distributing 518,500 litres, expanding from two units to four working 24/7 to ease queues. Foreign Currency Rules for Trade: Libya’s Economy and Trade Ministry introduced a new formula for company access to foreign currency, tying annual ceilings to average income-tax and payroll/wage-tax payments over the past three years to reward real economic activity. Housing Finance in Misrata: NHRP signed contracts for 831 housing units under the Hamad Palace Housing Project, funded via the Savings and Real Estate Investment Bank. Libya-Turkey Business Push: Libya’s PIB met Turkish business groups to explore investment cooperation across electricity, medical supplies, packaging, and soilless farming, including reconstruction opportunities. Drug Trafficking Crackdown: The 444th Combat Brigade reported arrest of two suspects and seizure of about 13,000 hallucinogenic tablets tied to smuggling routes from Chad and Niger. Regional Trade Signal: Türkiye’s exports to Africa rose 12.6% to $13.3bn in the first seven months, with Libya among key markets at $1.59bn (+2.3%). Bread Prices Pressure: Libya’s bread crisis is linked to dinar depreciation, flour and diesel costs, and power outages, with calls to curb speculation and better regulate grain imports. Migration Spillover: Greece reported 450+ arrivals by sea in 24 hours, with many boats departing from Libya.

Power & Grid Stability: Eastern Libya saw widespread outages, with GECOL reporting about 8,000 reports of sudden power cuts and faults since Saturday morning, while teams worked to restore service; Load Shedding Governance: Libya’s PM Abdelhamid Aldabaiba ordered GECOL to apply load shedding more fairly across regions, with health facilities and oil sites excluded, and to set up phone lines for citizen complaints; Energy Infrastructure Pressure: Reports say armed groups forced closures of state cement plants in Zliten and Khoms (including the National Cement Company HQ), highlighting how power and logistics disruptions keep hitting Libya’s supply chains; FX Access for Trade: Libya’s Ministry of Economy introduced a new formula tying companies’ foreign-currency ceilings to taxes paid and payroll size, aiming to prioritize firms with real economic activity; Bread & Inflation Watch: Former economic affairs minister Salama Al-Ghuwail said bread price hikes reflect broader pressures—dinar depreciation, flour and diesel costs, and power outages—warning the shock could spread into wider inflation; Oil Sector Resilience: Despite attacks and liquidity strains reported in the week’s coverage, Libya’s oil sector is described as pushing through the latest disruptions.

Libya Power Crisis: Tripoli PM Abdelhamid Dbeibah ordered GECOL to apply load shedding “fairly” across regions, with health facilities and oil sites excluded, and set up phone lines for grid complaints after blackouts sparked protests and fuel queues. Bread & FX Pressure: Salama Al-Ghuwail says Libya’s bread price surge is tied to dinar depreciation, flour costs, diesel shortages and higher bakery operating expenses, warning it could spill into wider inflation. Oil Sector Under Strain: Libya’s NOC is pushing for a major output jump to 2m bpd and 4 Bcf/d by 2030, even as drone attacks hit storage and fuel infrastructure and protesters previously shut down the Mellitah gas complex. Cement Supply Disrupted: Armed groups reportedly shut Ahlia Cement plants in Zliten and Khoms and its HQ amid competing claims over cement allocation and corruption-linked reservations. Trade & Paperless Customs: The Libyan Customs Authority and chambers union discussed strengthening digital cooperation, including electronic verification of chamber registration certificates to cut paper-based steps. Aviation & Connectivity: Libya and Chad are set to resume direct flights between Tripoli and N’Djamena, while talks also point to possible resumption of direct flights with France by late September. IMF Snapshot: A roundup notes Libya is among the few African IMF members that have never taken IMF financial assistance. Regional Unity Angle: A piece marks 15 years since Gaddafi’s fall, arguing Libya’s rival institutions are still divided but budget talks show a path toward limited cooperation.

Libya’s Oil Security & Production: Libya’s oil sector is facing fresh pressure as drone attacks and protests hit energy infrastructure, while industry sources say international oil companies remain focused on unlocking reserves and boosting output. Power Crisis & Public Anger: Western Libya is again in the spotlight after extended blackouts and fuel/bread shortages sparked “Kafa” protests, with outages linked not just to technical faults but also insecurity and attacks on power facilities. Oil & Gas Operations: Waha Oil cut its rig count, while AGOCO met partners to boost production and NOC moves to revive city gas projects. Trade & Currency Controls: The Ministry of Economy introduced a formula for Libyan companies to obtain hard currency tied to real economic activity, tax payments and employment—aimed at tightening foreign-currency allocation. Customs Digitisation: The Libyan Customs Authority and chambers’ union agreed to strengthen digital cooperation, including electronic verification of chamber registration certificates. Business & Courts: North Benghazi Court terminated Al-Kharafi’s land lease and ordered compensation; meanwhile a former Libyan Airlines board chairman was detained over alleged corruption involving pilgrim payments. Regional Connectivity: Libya and Chad discussed resuming direct flights between Tripoli and N’Djamena, with a Chadian office planned in Misrata Free Zone. Investment Push: Benghazi Chamber backed the Julyana Tourist Area project with Egyptian partners, aiming to expand tourism and private-sector opportunities.

Libya Economy & FX Controls: The Ministry of Economy introduced a new formula for Libyan companies to get hard-currency ceilings tied to real economic activity, tax payments and employment—aimed at squeezing shell-company behavior and improving foreign-currency allocation. Energy & Power Crisis: Libya’s power and fuel squeeze remains in focus as the PM met NOC on electricity and fuel crisis mitigation, while separate reporting highlights how drone attacks and infrastructure strain keep destabilizing supply. Oil Sector Resilience: Industry coverage says Libya’s oil sector is “unfazed” despite a new wave of attacks, with international oil firms still pushing upstream investment plans. Aviation & Trade Links: Libya and Chad are set to resume direct flights between Tripoli and N’Djamena, and Libya’s government also says direct flights with France could restart by end-September. Legal & Business Disputes: North Benghazi Court terminated Al-Kharafi’s land lease and ordered compensation to the Libyan state, while the Attorney General ordered pretrial detention of a former Libyan Airlines chairman over corruption allegations. Urban Development: Benghazi’s Global Competitive Urban Planning Initiative reached 93% capacity, with a final registration deadline approaching for global concept masterplans. Regional Diplomacy: Qatar and Egypt signed four agreements in Cairo covering customs, regulation, development, health cooperation and a hospital project in Sohag. Migration Risk (Business Angle): A report maps how Libya-linked routes to Europe expose migrants to extortion, detention and violence—highlighting the broader instability costs for regional economies.

Libya Power Crisis: UN envoy Hanna Tetteh says Libya’s western coast remains unstable as drone attacks hit the Zawia oil refinery and power substation, knocking out over 700MW, while the country spends about $1bn a month on fuel imports amid alleged diversion of subsidised fuel. Public Unrest: Protests erupted in Tripoli and other western areas after repeated blackouts, with demonstrators blocking roads and setting tires on fire, adding pressure to leadership changes at the General Electricity Company of Libya. Oil & Gas Operations: The Tripoli government says PM Aldabaiba met NOC chief Masoud Suleiman to tackle electricity and fuel bottlenecks, while AGOCO discussed expanded technical cooperation with Baker Hughes. Trade & Investment Links: Cyprus and Libya explored closer business ties in construction, renewables, and port/airport modernisation; Chinese Nantong Construction signalled readiness to finance Libya industrial and building-material projects. Regional Business Momentum: Türkiye’s exports to Africa hit $13.3bn in seven months, with Libya among the growing destinations. Urban Development: Benghazi’s Global Competitive Urban Planning Initiative reached 93% capacity, with a final registration deadline approaching. Politics & Elections Track: The UN says the 4+4 committee made progress on the legal and constitutional framework for elections, with a key meeting set for Aug. 20.

Libya Power Crisis: UN envoy Hanna Serwaa Tetteh says Libya spends about $1bn a month on fuel imports yet still faces fuel shortages and grid strain, with alleged diversion of subsidised fuel into security and electricity sectors; the crisis has sparked fresh protests in Tripoli and other western areas after repeated blackouts. Energy Infrastructure Under Fire: Drone attacks have hit critical assets including the Zawia oil refinery and power substation, knocking out over 700MW and worsening an already fragile system. Political & Security Fallout: Russia’s Nebenzia told the UN Security Council that Libya’s domestic situation is deteriorating, with overlapping state institutions and stalled elections; UNSMIL flags the Four Plus Four Committee’s push to finalise the legal framework for national polls. Oil & Gas Cooperation: AGOCO met Baker Hughes to expand technical and digital field services, while NOC and the PM discussed electricity and fuel bottleneck mitigation. Health Supply Reform: Libya launched its first National Formulary via the Medical Supply Organisation to standardise approved medicines and tighten drug supply security. Trade & Connectivity: Libya’s PM met a French envoy on political arrangements and resuming direct flights, targeted for end-September; Spain-Libya trade also rose in H1 2026. Investment Interest: Chinese Nantong Construction signalled readiness to finance housing and building-materials projects in Libya.

Power & Fuel Governance: UN envoy Hanna Serwaa Tetteh says Libya spends about $1bn a month on fuel imports, yet electricity remains fragile, warning of large-scale diversion of subsidized fuel and calling for stronger oversight as Tripoli protests over outages grow. Grid Collapse: A nationwide blackout hit western, central and southern Libya after major plants went offline, disrupting water pumping and adding to anger over repeated service failures. Electricity Company Shake-up: Libya’s PM dissolved GECOL’s board and appointed Al-Bashir Al-Marash to restore grid stability, improve generation and distribution, and accelerate maintenance. Oil Sector Security & Investment Need: NOC chair Masoud Suleiman says Libya needs $30bn–$40bn to unlock untapped oil and gas and target 2mn bpd by 2030, as drone attacks on Zawiya underline supply risks. Production Push: AGOCO met Oilserv and CAMCO to boost drilling, restart disabled wells, and expand training to raise output. Gas Infrastructure: NOC ordered revival and expansion of Tripoli and Benghazi city gas projects and related transmission/distribution work. Agribusiness Support: LEDA will subsidize portable electric olive harvesters at 1,000 LYD, with payments by card and rollout across multiple cities. Business & Finance Signals: PwC promoted Ola Abdallah and Rand Qutub to partner in its Middle East Deals practice. Telecom Update: Ncell changed international outgoing call pulse rate to 60 seconds for 198 destinations, including Libya.

Power Crisis Hits Libya Nationwide: A major blackout spread across western, central and southern Libya after multiple generation plants went offline, disrupting water pumping tied to the Man-Made River and reigniting anger over unreliable services. GECOL Shake-Up: Amid the electricity supply crisis, Libya’s PM dissolved GECOL’s board and appointed Al-Bashir Al-Marash as chairman, aiming to stabilize the grid and speed maintenance. Oil & Gas Under Pressure: Libya’s oil revival faces fresh tests as drone attacks have targeted Zawiya energy infrastructure, while the NOC chairman says the country needs $30–$40bn to develop untapped reserves and reach 2m bpd. Gas Projects Move Forward: The NOC ordered revival and expansion of city gas projects in Tripoli and Benghazi and pushed pipeline work to cut costs and improve services. Reconstruction Deliveries: The Libyan Development and Reconstruction Fund provided 150 vehicles in Benghazi—fire trucks for safety and sanitation trucks—supporting essential services. LEDA Boosts Olive Farming: The Libyan Export Development Authority is subsidizing portable electric olive harvesters at 1,000 LYD, rolling out via multiple branches starting Aug. 23.

Libya Power Crisis: Libya’s grid suffered another major collapse on Monday, knocking out western, central and southern power plants and forcing the Great Man-Made River water system to stop pumping, triggering fresh public anger and renewed pressure on the Tripoli-based government. NOC Fuel Transparency: Libya’s National Oil Corporation reported July fuel supplies of 1.369m metric tons to the local market (about $1.006bn), with diesel and gasoline leading and some deliveries deferred due to berth congestion. Oil Sector Funding Gap: Libya’s National Oil Corporation says the country needs $30–$40bn to develop untapped offshore oil and gas fields, warning that political instability and armed control of key areas keep much production offline. Energy Security Risk: Drone attacks around Zawiya have disrupted both refining and power infrastructure, deepening fears over Libya’s ability to stabilize energy supply. Power Company Overhaul: Prime Minister Abdul-Hamid Dbeibah dismissed the board of the General Electricity Company of Libya and appointed a new team to tackle grid stabilization and efficiency. Medical Supply Digitization: Libya’s Medical Supply Organisation launched a pilot “Sustainable Medical Supply Platform” to improve planning, procurement, storage, distribution and tracking of medicines. Oil Services Partnership: AGOCO and Halliburton discussed boosting Libyan oil production, including maintenance of shut-in wells and potential hydraulic fracturing proposals for NOC. Trade Links: Somalia’s ambassador to Libya met Libya’s chambers to push livestock export cooperation and expand direct business channels.

Energy Security: Libya’s grid is under fresh strain after a blast near the Zawiya power station knocked generating units offline, triggering widespread outages across western Libya and adding to a week of drone-linked attacks on energy infrastructure. Power Restoration: GECOL says restoration is gradual after multiple blackouts, with teams working to stabilize the network and residents urged to be patient as parts of the system operate in “island mode.” Oil & Fuel Costs: NOC reports Libya’s July fuel bill topped $1bn as local supplies and imports were tallied, while NWD says it completed maintenance on 188 wells and drilled 21, though outstanding client payments are hurting spare-parts and readiness. Oil Production Plans: NOC’s Akakus meeting reviewed Al-Sharara output, targeting about 355,000 bpd by mid-2027 alongside safety and firefighting upgrades. Healthcare Supply Chain: Libya’s Medical Supply Organisation launched a pilot “Sustainable Medical Supply Platform” to modernize planning, procurement, storage, distribution and tracking of medicines. Trade Links: Somalia’s ambassador met Libya’s chambers to push livestock export cooperation and direct business channels.

Power & Energy Disruption: A blast near Libya’s Zawiya power station knocked several generating units offline, triggering widespread blackouts across western, central and southern areas; GECOL says teams are restoring the grid while the Man-Made River Authority warns water pumping is affected. Oil Output Plan: Libya’s National Oil Corporation reviewed Akakus operations and set a target to lift Al-Sharara output to nearly 355,000 bpd by mid-2027, alongside safety upgrades and reservoir development work. Central Bank Politics: Libya’s High Council of State rejected Central Bank Governor Naji Issa’s resignation, urging him to stay to protect monetary stability, control spending and prevent FX/banking violations. Food & Cost Pressures: Bakery owners warn bread prices are rising due to high and unstable flour supply, reduced subsidised diesel quotas, and sharp jumps in yeast, packaging, transport and labour costs—calling for exchange-rate stability. Nuclear for Healthcare: Libya’s Atomic Energy Corporation proposes rehabilitating the Tajoura nuclear research reactor to produce radioisotopes locally for diagnosis and treatment, reducing medical import reliance. Regional Business Link: Türkiye says it has secured Libya exploration stakes (offshore and onshore), adding to its broader push to expand oil and gas production abroad.

Central Banking & Reform: Libya’s High Council of State rejected Central Bank governor Naji Issa’s resignation, urging him to stay and focus on public spending control and foreign-exchange discipline. Energy Shock in the West: An explosion near Zawiya power station forced multiple generation units offline, triggering widespread blackouts across Tripoli and western coastal areas while GECOL teams investigate and restore service. Oil-Grid Pressure: The Zawiya blast comes amid a week of unclaimed attacks on nearby infrastructure, raising fears for fuel storage, refinery operations, and electricity reliability. Food Costs: Bakery owners warn bread prices are rising due to higher flour, yeast, packaging, water, and transport/labour costs, plus reduced subsidised diesel quotas—calling for exchange-rate stability. Medical Nuclear Plan: Libya’s Atomic Energy Corporation proposes rehabilitating the Tajoura nuclear research reactor to produce radioisotopes locally and cut medical import dependence. Regional Finance Watch: Libya’s banks are preparing to join China’s CIPS for direct yuan payments, with plans for yuan-linked “panda bonds” to support reconstruction. Migration & Humanitarian Strain: Hundreds protested in Spain’s Ceuta enclave demanding asylum, while reports also highlight deaths of Bangladeshi migrants at sea after departing from Libya. Security Signals: Libya’s eastern intelligence chief Maj.-Gen. Fawzi al-Mansouri was killed in Benghazi, renewing concerns about instability ahead of political talks.