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Monday, May 18, 2015
Things seem to be improving in Libya, at least on the production end. While the country is still embroiled in what could be called another civil war, some oil and gas firms operating in the country are operating normally.
A subsidiary of the North African country’s state-run oil and gas firm, AGOCO, is seeing flows of around 270,000 bpd with its export port at Hariga and the connected oilfields, Sarir and Messla, running “normally..
Italian firm ENI recently reported that not only is its production back up to pre-civil war status, but has exceeded it.The company said that despite the many challenges in Libya it is producing around 300,000; about 20,000 bpd more than during former Libyan strong man Muammar Qaddafi’s regime.
Although AGOCO and ENI are seeing positive results in the country, not all operations are going as well. The port at Zueitina in the east is still seeing protests. Protestors have blocked the port demanding jobs and the port at Tobruk has had to close several times due to protesters.
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