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AGOCO output at 150,000-180,000 bpd after oil crescent crises ends

An official at Hariga oil port said Arabian Gulf Oil Company (AGOCO) production of crude oil is at between 150 thousand and 180 thousand barrels per day, after the resumption of production in the oil fields.

The source said on Tuesday that an oil tanker entered Hariga port last Sunday to load one million barrels, pointing out that the armed confrontations in oil ports warned to disrupt the production of 850 thousand barrels per day, according to Reuters.

 

Arabian Gulf Oil Company’s production was up to 250,000 bpd earlier this year.

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