Arabian Gulf Oil Company (AGOCO) held exploratory talks on Wednesday, 7 October 2026, with US-based BlueVee Energy to discuss potential development of its Tobruk and Sarir refineries in order to meet domestic market demand. The meeting took place at the office of AGOCO's chairman, Mohammed Belqasem Ben Shtwan, and included BlueVee Energy's vice-chairman and advisory board member Dr Ahmed Abdullah, alongside AGOCO's refinery director Salem Bourqia and processing director Misbah Al-Zahawi.
BlueVee Energy is described as specialising in engineering studies and the manufacture of gas processing and oil refinery equipment. The discussion centred on the mechanisms by which the two parties could collaborate to rehabilitate or expand the Tobruk and Sarir facilities, both of which serve Libya's downstream supply chain. No contract, memorandum of understanding, or financial terms were announced at this stage; the meeting constitutes early-stage exploratory dialogue between the two organisations.
The Tobruk and Sarir refineries are key assets within AGOCO's downstream portfolio, supplying refined products to Libyan domestic consumers. Chronic underinvestment and conflict-related disruptions have constrained Libyan refining capacity for years, leaving the country heavily dependent on imported fuels despite its substantial upstream crude production. Any rehabilitation programme for these facilities would require detailed front-end engineering studies, equipment procurement, and potentially significant civil and mechanical works.
At this point the engagement is at reconnaissance level — no instrument more binding than a meeting agenda has been established. Confirmation of a formal study contract or equipment supply agreement would represent the next material step. Norwegian service companies active in Libya or building regional positions should monitor developments closely, as refinery rehabilitation programmes of this nature typically progress from feasibility studies to engineering, procurement, and construction packages over a twelve-to-twenty-four month horizon following initial contact.