Middle East Economic Survey

VOL. LIV

No 38

19-Sep-2011

Libya’s AGOCO Restarts Oil Output As More Blocked Funds Are Released

Libya’s National Transitional Council (NTC) oil firm AGOCO said on 12 September that it had restarted oil production at Sarir. The announcement confirmed MEES soundings in August that if properly managed, some oil output could come back on stream within weeks. The exact state of the oil sector after six months of fighting is still uncertain, but it is...