Tag Archives | Arabian Gulf Oil Company (AGOCO)

AGOCO Producing 225,000 bpd

The Arabian Gulf Oil Company (AGOCO), Libya's eastern state oil firm, produced 225,000 barrels per day (bpd) of crude during August. According to the report from Reuters, the figure is in line with previous statements by company, which runs the Hariga port and the Sarir oilfield. The Nafoura and Bayda oilfields, however, remain closed due […]

Oil Exports to Resume from Eastern Ports?

The incoming Chairman of the National Oil Corporation (NOC) in the East of Libya has said the company is considering lifting the force majeure at the ports of Es Sider and Ras Lanuf, allowing oil exports to restart. Nagi Elmagrabi, who will take over from Al-Mabrook Abu Seif [Mabrook Buseif] at the end of the week, […]

AGOCO Pumping 260,000 bpd

The Arabian Gulf Oil Company (AGOCO) was producing at a rate of 230,000 to 260,000 bpd on Sunday, according to a report from Reuters. A company spokesman told the news agency that production was down by about 35,000 bpd due to the closure of the Nafoura oilfield, which was caused by a protest. The company's […]

Oil Exports Hit 622,000 bpd

Libya Herald, citing figures from the National Oil Corporation (NOC), reports that crude oil exports are up to 622,000 barrels per day (bpd). The main producers are listed as: AGOCO producing 290,000 bpd; Eni producing 250,000 barrels of oil and gas equivalent from El Fil [El Feel, Elephant] and Wafa in the south west; Sirte […]

Sarir Oilfield Resumes Operations

The Sarir oil field, Libya’s largest, started production again on Sunday, after the pipeline from Sarir to the port of Hariga was sabotaged last week by militants. A spokesman for the state-owned National Oil Corporation (NOC) told The Wall Street Journal that the pipeline was repaired and production restarted on Sunday. But a spokesman for […]

Nafoura Pumping 20,000 bpd

The Nafoura oilfield in Eastern Libya is reported to be producing oil at a rate of 20,000 barrels a day. A spokesman for the state operator, the Arabian Gulf Oil Company (AGOCO) confirmed to Reuters that the fields are operating normally. (Source: Reuters) (Oil tanks image via Shutterstock)

Nafoura Oilfield to Resume Production

Libya's Nafoura oilfield is to resume production on Monday, reports Reuters. A spokesman for the Arabian Gulf Oil Company (AGOCO) said that protesters demanding jobs had ended their protest. The field in volatile eastern Libya used to produce up to 65,000 bpd of oil until local protesters forced a shutdown over a month ago. (Source: […]

Hariga Port Remains Closed

By John Lee. The eastern Libyan oil port of Hariga (Marsa al Hariga) remains blocked by state security guards, according to a report from Reuters. The guards allege that they have not been paid for months. A spokesman for state-0wned Arabian Gulf Oil Company (AGOCO), which runs the port and connecting oilfields, said the finance […]