No Result
View All Result
Monday, August 18, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

AGOCO gives government ultimatum on protestors

byMichel Cousins
May 2, 2012
Reading Time: 1 min read
A A

Tripoli, 2 May:

Libya’s largest oil company, AGOCO, frustrated at official failure to clear demonstrators blockading its Benghazi HQ, says it will . . .[restrict]stop production at midnight tomorrow, if the protestors have not been moved.

Should AGOCO (the Arabian Gulf Oil Company) carry out its threat, the country will lose between 350,000 to 370,000 b/d of crude production.

The company’s main office complex in Al-Qish has now been unusable for ten days. Up to 50 protestors, some of them armed, have sealed off the main entrance with a tent and have refused to let employees in to work. Some staff members however, have been permitted to go in and out of the buildings to collect personal belongings.

The complex houses AGOCO’s main administrative and logistical hubs. Though personnel have been able to work from two annexes the firm has elsewhere in Benghazi, they have not had access to key systems and equipment.

RELATED POSTS

UNSMIL congratulates citizens of 26 municipalities for successful conduct of local elections – calls for holding of suspended elections

Authorities prevent 60,000 litres of petrol at Gaser Ben Ghashir petrol station from being diverted to smugglers – suspect referred to prosecutor

Company spokesman Abdeljalil Mayuf confirmed this afternoon that despite repeated requests to the government to remove the demonstrators, nothing had been done.

Negotiations with the blockaders had got nowhere, he said. They have a range of demands including greater transparency over government spending and job allocation, the firing of top Qaddafi-era officials still in post and the creation of work for young unemployed.

Said Mayuf:“As at 3pm today [Wednesday]  nothing had been done, nothing has changed.  There has been no intervention.

“We told the government and the security forces that if nothing happens then we will be obliged to stop production. We’re just waiting to see if there is any reaction.” [/restrict]

Related Posts

Central Bank picks Danish design for new HQ
Business

New CBL Tripoli HQ construction project inaugurated – 11 years after it was announced

August 17, 2025
Tripoli launches air ambulance service for general public – with online booking
Business

Air Ambulance Service reinforces its fleet with the arrival of two new Bell 429 helicopters‎

August 17, 2025
AGOCO reactivates stalled old Nafoura well to produce 1,200 bpd
Business

AGOCO’s HH91-65 well in Masala field returns to production with 2,400 bpd

August 15, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

PM’s plan for financing entrepreneurship and innovation projects and approving their executive programme discussed

August 15, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

Of the 67 strategic projects and initiatives, 8 are completed and 29 to start by end of 2025

August 14, 2025
NOC announces force majeure at Zawia port
Business

Sonatrach commercial oil discovery in Ghadames Basin to yield 4,200 bpd‎: NOC

August 14, 2025
Next Post

Danish business delegation briefed by Planning Minister in landmark visit to Tripoli

Central Bank sets up charity donation account

ADVERTISEMENT

Top Stories

  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    Libya Development and Reconstruction Fund signs ”strategic agreements” with ”several large” US Companies

    0 shares
    Share 0 Tweet 0
  • Of the 67 strategic projects and initiatives, 8 are completed and 29 to start by end of 2025

    0 shares
    Share 0 Tweet 0
  • Sonatrach commercial oil discovery in Ghadames Basin to yield 4,200 bpd‎: NOC

    0 shares
    Share 0 Tweet 0
  • National Blue Economy Workshop in September 2025‎ – to further strategic sustainable development

    0 shares
    Share 0 Tweet 0
  • New CBL Tripoli HQ construction project inaugurated – 11 years after it was announced

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

UNSMIL congratulates citizens of 26 municipalities for successful conduct of local elections – calls for holding of suspended elections

Authorities prevent 60,000 litres of petrol at Gaser Ben Ghashir petrol station from being diverted to smugglers – suspect referred to prosecutor

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.