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Home Business

AGOCO produces 5.3 m barrels of oil in March

bySami Zaptia
April 3, 2015
Reading Time: 2 mins read
A A

By Libya Herald reporter.

Al-Beida, 3 April 2015:

AGOCO revealed on Thursday evening that it had exported 5.36 million barrels of crude oil . . .[restrict]via Marsa Hariga port in Tobruk in March alone.

The Arabian Oil Gulf Company (AGOCO) has been able to achieve this despite the rising insecurity and instability in the country.

Moreover, a

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ccording to the schedule for April, AGOCO says that it is set to export some 5,400,000 barrels of crude oil.

I

n March AGOCO reports that it also pumped some 833,506 barrels of crude oil from Nafoura and Majid fields to Amal field and then to Zueitina port.

Another

292,869 barrels of crude oil were also pumped from Al-Hamada south west Libya to Zawia port in western Libya.

The current AGOCO production rate is ranging between 270,000 to 290,000 bpd, with the possibility of increasing this rate if means of export are available, the company reports.

AGOCO’s two refineries in Tobruk and Sarir supplied various fuels to Brega Marketing Company, the NOC subsidiary that distributes fuels and oils domestically.

In March it delivered an estimated 36.9 million litres of diesel, 1.36 million litres of liquidized gas, 4.1 litres of car fuel, 0.4 million litres of krosene, 63.6 million litres of heavy oil products and 27.7 million litres of unprocessed naphtha products.

AGOCO expressed its immense gratitude to its staff and engineers for the incredible effort they are putting in despite the difficulties they encounter on a daily basis.

AGOCO, headquartered in Benghazi, is a wholy National Oil Corporation (NOC) owned subsidiary, and operates some of Libya’s largest and oldest oilfields.

Its Sarir, Messla, Majid, Nafoura and Al-Sahabi fields are in eastern Libya, Al-Beida, Um Froud and North Al-Sabah in mid-south Libya and the Al-Hamda in south west Libya.

AGOCO also operates the Hariga port in the furthest east, with its two refinery complexes in the Sarir named Sarir and the booster named Tobruk. [/restrict]

Tags: Arabian Gulf Oil Company AGOCOcrude oil productionfuel

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