Oil Output Crashes as rival NOCs Fight

By John Lee.

Reuters reports that Libya is producing only around 200,000 to 220,000 bpd after the Arabian Gulf Oil Company (AGOCO) was forced to slash output from its Messla and Sarir fields by more than half.

A spokesman for the company said that since loadings at the port of Marsa al Hariga in eastern Libya were suspended due to the ongoing dispute between the Tripoli-based NOC and its rival parallel organisation in the East, production at the fields has fallen from 230,000 bpd to less than 100,000 bpd.

The spokesman confirmed that there were no technical or administrative problems with production at the two fields.

(Source: Reuters)

 

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