
Mabruk Oil Operations has successfully transitioned to zero flaring at its Mabruk oil field, marking a pioneering achievement in the Libyan oil sector for sustainability and environmental preservation. This development aligns with Libya's commitment to the World Bank's initiative to eliminate routine gas flaring by 2030, which the Tripoli-based Ministry of Oil and Gas joined on May 6. This initiative, part of the Global Flaring and Methane Reduction Partnership, aims to enhance the efficiency of natural resource exploitation and support sustainable development. Libya burned approximately 6.3 billion cubic meters of gas in 2024, representing an estimated economic loss of $650 million. The country's accession to the World Bank initiative reflects its commitment to international efforts in energy and environment, and to national goals for greater efficiency and sustainability by 2030. Separately, on May 26, Mellitah Oil & Gas Company completed its second complex heavy lifting operation at the Bouri offshore field as part of the Bouri Gas Exploitation Project, which aims to enhance production and reduce emissions. This supports the National Oil Corporation's drive to eliminate gas flaring and achieve its zero flaring target by 2030.
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This summary was AI-generated from a story originally published by Libya Herald.

The United Kingdom has updated its travel advisory for the Benghazi area, including the cities of Al-Bayda and Derna, and the Jebel Akhdar region. The risk assessment has been downgraded from red to amber, reflecting updated security conditions. This change was announced today by the UK government.

The National Development Agency NDA announced the approval of an industrial urban plan for "Zone 7," located northwest of Sirte. This area has been designated as an industrial zone, following coordination with the Urban Planning Authority and the Council of Ministers, which issued Resolution No. 163 of 2026. The NDA stated that this initiative aims to enhance industrial and commercial investment opportunities, create a comprehensive investment environment based on modern urban plans, and address the Central Region's need for organized industrial zones equipped to modern standards. This decision is expected to support the comprehensive development process in Sirte and the Central Region, foster a favorable climate for attracting industrial and commercial investments, and create new opportunities for investors, thereby stimulating economic activity, generating jobs, and supporting sustainable development in the region.

The Libyan Export Development Authority LEDA head, Mohamed Al-Hangari, met with Hicham El-Rafqi, Deputy Consul General of Morocco, to discuss strengthening cooperation in export development and advancing economic and trade relations between Libya and Morocco. The meeting focused on mechanisms to activate cooperation and foster communication between public and private sector institutions to boost trade, open new avenues for Libyan products, and increase trade and investment exchanges. They also discussed implementing cooperation initiatives from a recently signed Memorandum of Understanding between LEDA and the Moroccan Agency for Investment and Export Development, aimed at supporting non-oil export development and strengthening the presence of Libyan products in regional and international markets. Both parties emphasized continued coordination to serve economic interests, achieve development goals, and reinforce the economic partnership.