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Agoco ... producing up to 290,000 bpd

Libya's Agoco output at 250,000-290,000 bpd

BENGHAZI, June 30, 2015

Libyan oil company Agoco is producing 250,000 to 290,000 barrels per day (bpd) with a tanker loading 1 million barrels of crude at the oil port of Hariga, a spokesman said.
 
Production and exports continue despite the closure of Nafoura and Majid oilfields due to protests, Omran Elzwie said.
 
"The Al Bayda field is closed due to electricity problems that hopefully will be solved soon," he said.
 
A tanker will load 1 million barrels of crude at Hariga, he said, while another will unload 42,965 tonnes of gasoline. But he said the port of Zueitina remained closed.
 
Libyan authorities said they were trying during the current Muslim holy month of Ramadan to reopen pipelines for the El Feel and El Sharara oilfields which have been blocked for weeks by protests and disputes.
 
The Opec country is caught in a dispute between two rival governments, one internationally recognised in the east and a self-declared one that controls Tripoli, since a group called Libyan Dawn took over the capital last year.
 
Before the 2011 uprising against ousted leader Muammar Gaddafi, Libya produced 1.6 million barrels per day. One recent estimate put its current output at 500,000 bpd.-- Reuters
 



Tags: libya | Output | Agoco |

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