Libya’s AGOCO Restores Oil Well After Two Decades

Libya’s Arabian Gulf Oil Company (AGOCO) has restored production at an oil well that had been inactive for more than 22 years, achieving a test output of 7,355 barrels of crude oil per day, the National Oil Corporation (NOC) announced on Thursday. The well, Z3HR-80, is located at the Majid oil field and had been classified as a non-producing observation well for more than two decades. According to the NOC, production tests confirmed that the well was flowing naturally at 7,3…

Minister of Economy & Trade Abu Shiha discusses with Tunisian Minister of Trade & Export Development increased cooperation

Libya’s Tripoli based Minister of Economy and Trade, Suhail Abu Shiha, held discussions with the Tunisian Minister of Trade and Export Development, Sa...

Hong Kong Government Implements UN Sanctions Amendments for Libya, Renewing Measures Against Illicit Petroleum Exports.

Libyan Parliament Speaker Calls For UN Action Against Political Obstruction

Libya’s House of Representatives Speaker Al-Salihin Abdul Nabi has urged the United Nations to take firm measures against those obstructing efforts to resolve the country’s prolonged political crisis. The call came during a meeting with Hanna Serwaa Tetteh, Head of the United Nations Support Mission in Libya (UNSMIL), at the parliament’s headquarters in Benghazi on Thursday, According to a parliamentary statement, the two officials discussed the latest political developments…

Malta’s Camilleri Marine visits Tripoli Port to discuss establishing marine vessels safety equipment maintenance centre

The Libyan Ports Company reported yesterday that Kenneth Camilleri—Director of the Malta-based Camilleri Marine—visited the company’s branch at the Po...

Libya’s Central Bank Governor Praises Reconstruction Efforts in Benghazi

Belgassem Haftar, Director General of the Libya Development and Reconstruction Fund, accompanied Central Bank of Libya Governor Fawzi Abukhzam on a tour of the University of Benghazi on Thursday, 5 November, to inspect reconstruction work completed by the fund. According to a statement published by the fund, Haftar briefed the governor on the results of the university’s rehabilitation programme and improvements made to its academic facilities. Officials Tour Reconstructed Un…

EU Report Warns Turkey Over Aegean Violations, Cyprus and Libya Deal

Directional drilling & well re-entry by CAMCO & Baker Hughes help AGOCO bring well Z3HR-80 back online at 7,355 bpd

Libya’s National Oil Corporation (NOC) reported today that, in line with its strategies to increase production, the Arabian Gulf Oil Company (AGOCO) has achieved a new milestone by bringing well Z3HR-80, in the Majid field, back online at a rate of 7,355 barrels per day. This follows a 22-year hiatus during which it had been classified as a non-producing observation well. Test results indicate that the well is producing the 7,355 barrels of oil per day via natural flow, with…

NOC Chairman Suleiman meets Turkish Petroleum Corp’s CEO to discuss strengthening cooperation

The Chairman of the National Oil Corporation (NOC), Masoud Suleiman, posted on his personal social media page today that he met with Cem Ardem, CEO of...

Minister of Economy & Trade holds discussions with Sudanese, Nigerien and Chadian counterparts at Istanbul’s COMCEC 2026

Libya’s Tripoli based Minister of Economy and Trade, Suhail Abu Shiha, discussed with the Sudanese Minister of Industry and Trade, Mahasen Al-Yaqoub, the Nigerian Minister of Trade, Abdullah Sidou, and the Chadian Minister of Trade, Guibolo Mathieu, ways to organize and develop trade relations and regulate trade exchange between Libya and the three countries. This came during separate meetings held on the sidelines of the forty-second session of the COMCEC Conference in the…

Libya Ministry of Finance Reduces Customs Dollar Rate to 2.12

House Speaker proposes replacing fuel subsidies with direct cash payments to citizens

ICC to brief UN Security Council on Libya

Libya's Mufti: Teachers are right to demand higher wages, but suspension of classes harms future of hundreds of thousands of children

Libyan Security Forces Intercept 15 Trucks Smuggling Subsidized Goods