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Agoco ... producing 20,000 bpd

Agoco says oil output at 220,000 barrels per day

BENGHAZI, August 27, 2015

The Arabian Gulf Oil Co (Agoco), eastern Libya's state-run oil company, is producing 220,000 barrels per day (bpd), unchanged from last week, a company spokesman said.
 
The operator of the port of Hariga and the Sarir oilfield was producing up to 50,000 bpd more than that in June.
 
Since then, the Majid, Nafoura and Bayda oilfields have closed due to protests or power outages.
 
Agoco contributes more than half of Libya's oil output, which a senior official put at 350,000 and 400,000 bpd.
 
Violence since the 2011 ousting of Libyan leader Muammar Gaddafi after 41 years in power has slashed Opec member Libya's oil output, which stood at about 1.6 mbpd before the uprising.
 
The eastern oil ports of Zueitina, Es Sider and Ras Lanuf remain closed due to insecurity or protests, other oil officials said.
 
One tanker was loading 400,000 barrels of crude at Hariga, while a second was waiting to lift 570,000 barrels, another official said.
 
A third tanker bound for Italy has left the eastern port of Brega after lifting 600,000 barrels, another official said.
 
Production and ports have suffered major disruption due to conflict between Libya's internationally recognised government in the east and a rival administration that took control of the capital Tripoli in August 2014.
 
The Es Sider and Ras Lanuf terminals, the country's largest, closed in December when fighting erupted between rival factions. Attacks by Islamic State militants have made it impossible to reopen fields connected to the two ports.
 
The western El Sharara and El Feel oilfields also remain closed due to protests despite efforts by tribal leaders to reopen them. -- Reuters
 
 



Tags: libya | Output | Agoco |

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