chemXplore tracks 2 projects in Libya, of which 2 are active.
Of the active ones, 1 new construction and 1 expansion.
Recovers previously flared associated gas; reduces emissions by ~1.5 MtCO₂/yr and supplies ~700 million Sm³/yr for domestic power and exports via GreenStream.
Specialist squads assess discovered oil and gas resources to prioritise the highest‑value opportunities for development and partnership.
4% annual energy growth to 2030; $10bn free cash flow uplift 2025–2030; $14–17bn/yr capex 2027–2032; dividend +5%/yr to 2030 and planned buybacks.
Commercially viable Essar discovery holds up to 45 million barrels and could reach ~6,000 b/d; proximity to infrastructure enables rapid, cost-efficient development.
Q2 profit USD 786m; strong oil and gas prices plus higher refining and petrochemical margins offset fuel price caps and operational outages.
Strong cash flow and low leverage; all segments profitable. Chemicals lifted by Borouge International closing and higher olefin/polyolefin prices.
Offshore compression module online to sustain low-pressure gas production and add about 800 million m³/yr, supporting power generation and exports to Italy.
JV with Repsol and TPAO for deepwater O7 block off Libya; commitment includes 1,500 km 2D and 2,300 km² 3D seismic surveys and one exploration well.
Higher hydrocarbon prices lifted upstream; production 95.5 mboepd. Downstream hit by lower refining volumes and feedstock scarcity; Rijeka delayed coker opened. Consumer services and circulars rose.
Inventory-driven earnings and Middle East volatility prompt €1.2bn stock build, kerosene output up 15–20%, €35m in fuel discounts at stations to date.
