Arabian Gulf Oil Company Returns to Full Production After Power Problems

Arabian Gulf Oil Company Returns to Full Production After Power Problems

Oil output from Libya’s Arabian Gulf Oil Company (AGOCO) has returned to its normal level of 250,000 barrels per day (b/d) after electricity supply problems, Reuters reported.

Output losses were caused after unusually high temperatures disrupted power supply, an official from the company said on May 27.

Output levels had fallen to less than 150,000 b/d by May 23.

AGOCO is a subsidiary of the Libyan National Oil Company, and works in hydrocarbon exploration and production as well as refining.

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