Libya’s National Oil Corporation (NOC) has held a high-level technical meeting with the Arabian Gulf Oil Company (AGOCO) to review targeted production increases planned for 2026.
The session, conducted on Monday via closed-circuit communication, brought together the committee tasked with overseeing the NOC’s production growth strategy and senior officials from AGOCO. The meeting focused on mechanisms to achieve additional output rates by 2026, in line with the corporation’s broader objectives to strengthen Libya’s oil sector performance.
Held at the NOC headquarters, the expanded technical discussion addressed ways to enhance operational efficiency and overcome technical challenges that could affect the timely implementation of production expansion programmes. Participants reviewed current field performance, infrastructure readiness and projected capacity upgrades required to meet the set targets.
The NOC stated that the meeting forms part of its comprehensive strategy to improve the performance of affiliated companies and ensure stable and sustained oil flows. Officials emphasised the importance of coordinated planning and strict adherence to approved timelines to deliver the desired increase in national output.
Libya’s oil sector remains central to the country’s economy, accounting for the vast majority of state revenues. In recent years, the NOC has prioritised restoring production levels, maintaining infrastructure and attracting investment to boost long-term capacity.
AGOCO, one of the NOC’s key subsidiaries, operates several major oil fields in eastern Libya. Strengthening its output is seen as critical to achieving overall national production targets for 2026.
The corporation reiterated its commitment to supporting sector companies through technical supervision and performance monitoring, underscoring that raising production remains a strategic priority aimed at reinforcing economic stability and maximising national resource utilisation.
Further meetings are expected as part of ongoing coordination efforts to ensure that development plans remain on track.
