Production

Libya: oil firm says oil output unchanged since last week

Friday, 28 August 2015 09:23

Eastern Libya's state-run oil company Arabian Gulf Oil Co (Agoco), is producing 220,000 bpd, unchanged from last week, according to a company spokesman. tradearabia reports

The operator of the port of Hariga and the Sarir oilfield was producing more than 50,000 bpd in June. And 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, estimating about 350,000 and 400,000 bpd.

Crisis in the country since the 2011 banishing of Libyan leader Muammar Gaddafi after 41 years in power had reduced OPEC member Libya's oil output, which stood at about 1.6 mbpd before the rebellion.

Production and ports have undergone major disturbance due to conflict between Libya's internationally recognized 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, was shut down in December when fighting ensued between rival factions. Attacks by Islamic State militants have made it difficult 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.

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.