AGOCO Halts Production at Sarir Oil Field

By John Lee.

Libya’s Arabian Gulf Oil Company (AGOCO) has halted production at the Sarir field after a protest by oil-facility guards shut the eastern port of Hariga.

A spokesman for the company told Bloomberg that production at the 100,000-barrel-a-day field was stopped after oil exports were halted.

A unit of the Petroleum Facilities Guard (PFG) is holding a sit-in over delayed salaries.

Four other ports, accounting for about 860,000 barrels a day of exporting capacity, were already shut as a result of political turmoil and fighting.

(Sources: Bloomberg)

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