Libya Market Intelligence

Libya’s National Oil Corporation has announced the successful restart of the Brega refinery, two methanol plants, and a natural gas processing unit operated by Sirte Oil Company. The gas facility is expected to redirect approximately 60 million cubic feet of natural gas into the supply network instead of flaring it, supporting Libya’s industrial recovery and energy efficiency.

Libya's National Oil Corporation (NOC) has announced the opening of the Al-Rashad gas field south of Brega, with a production capacity of 50 million cubic feet per day, strengthening domestic gas supplies for electricity generation and industrial operations.

ADNOC’s international investment arm, XRG, is reportedly in early-stage talks to acquire a stake in Eni’s oil and gas operations in Libya, potentially expanding UAE investment in the country’s energy sector.