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Agoco restarts oil production in East Libya

Libyan oil firm the Arabian Gulf Oil Company (Agoco) restarts production at the eastern oilfield of Sarir in an early sign the industry is coming back to life after six months of war

Reuters, Monday 12 Sep 2011
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Libyan oil firm the Arabian Gulf Oil Company (Agoco) said on Monday it has restarted production at the eastern oilfield of Sarir in an early sign the industry is coming back to life after six months of war.

"We now in Sarir have 70 wells in production," said Abdeljalil Mayuf, spokesman for Agoco.

He said they are planning to restart the refinery of Sarir and that the first crude oil will be sent to the Tobruk export terminal on Tuesday.

Current output is 50,000 barrels per day, he said.

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