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FinancialNews
02-01-18
Libya: AGOCO seek solution to power issues hindering output
(MENAFN) According to Libya's Arabian Gulf Oil Company (AGOCO) Chairman, power concerns that hold still production to remain below potential are sought after to be solved by the end of March.
A source has reported that AGOCO's production has ranged between roughly 150,000 and 230,000 barrels per day (bpd), however on Monday it fell below at 140,000 bpd.
The subsidiary has maintained its production at a high rate from fields in eastern Libya, whereas output has witnessed a collapse as a result of political turmoil and armed dispute which lasted for years.
MENAFN0201201800450000ID1096297845
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