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Economy

Libya's AGOCO says boosts oil output to more than 260,000 bpd

Date: Sep 26, 2016

Libya's Arabian Gulf Oil Company (AGOCO) has raised its production to 261,000 barrels per day (bpd), 50,000 bpd higher than its output last week, spokesman Omran al-Zwai said on Monday.

AGOCO, a subsidiary of the National Oil Corporation (NOC)that operates in eastern Libya, has boosted production since forces loyal to eastern commander Khalifa Haftar seized blockaded oil terminals earlier this month and the NOC announced it would reopen them for exports.

--reuters--