LIBYA

AGOCO Production Edges Up But Bigger Plans Await Budget

 

Arabian Gulf Oil Company (AGOCO), the Benghazi-based arm of Libyan state firm National Oil Corporation (NOC), hopes to raise its crude production to close to 400,000 b/d during the second half of April, just shy of pre-war levels and up from the current 335,000 b/d. But several infrastructure tenders the company has in the pipeline – essential in order to lay the groundwork for future capacity boosts – cannot...