AGOCO boosts oil output to 260.000 bpd

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The Libyan Arabian Gulf Oil Company (AGOCO) has raised its oil production to 261,000 barrels per day (bpd).

This new boost is actually 50,000 bpd higher than its output last week, spokesman Omran Al-Zway said on Monday.

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

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