Bloomberg News

Libya’s Agoco Oil Output to Pass Pre-Conflict Levels, IOD Says

May 28, 2012

Libya’s state-owned Arabian Gulf Oil Co.’s crude output could reach 450,000 barrels a day by the end of the year, surpassing pre-conflict levels, International Oil Daily reported, citing unidentified company officials.

The company known as Agoco is now producing about 400,000 barrels a day, IOD said. The additional output will come from the company’s Messla oilfield, according to the newsletter.

Libya is producing between 1.5 million and 1.55 million barrels a day, IOD said, citing National Oil Corp. Agoco’s parent company.

To contact the reporter on this story: Jacob Adelman in Tokyo at jadelman1@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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