March 6, 2011 / 10:49 AM / 9 years ago

East Libya oil firm: output steady at lower levels

BENGHAZI, Libya, March 6 (Reuters) - Oil output from fields operated by Agoco, a firm based in east Libya, is 130,000 barrels per day, a company official said on Sunday, signalling production was steady at about a third of the pre-revolt level.

The Arabian Gulf Oil co (Agoco) is a unit of the Libyan state oil firm National Oil Corp (NOC). It is based in Benghazi, an eastern city in rebel hands. The firm has said it will operate independently of NOC until Muammar Gaddafi is toppled. Abdeljalil Mohamed Mayuf, AGOCO information department manager, told Reuters output was still at 130,000 bpd — the same level cited by an AGOCO official last week and about a third of the pre-uprising level of slightly over 400,000 bpd. He said there had been no damage to oil facilities in Ras Lanuf, an oil port to the west which rebel forces took on Friday, or other AGOCO facilities. “We are still sending oil to Ras Lanuf,” he said.

Mayuf said that AGOCO was still looking at setting up a temporary oil marketing operation to ensure buyers for oil produced until Libya’s future is settled, but had not acted upon this yet.

He said an oil shipment was expected to sail from Tobruk in the east next week. “Another shipment is due to take place from Tobruk terminal next week,” he said, without giving further details. (Writing by Tom Perry in Cairo; Editing by Jon Loades-Carter)

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