Production in several of Libya’s major eastern oil fields has been shut down, heightening the central government’s budget crisis. Receive daily email alerts, subscriber notes & personalize your experience. Register Now A spokesman for state-owned National Oil Corp. subsidiary Arabian Gulf Oil Co. said April 19 that it had halted pumping at its fields due to the government’s failure to send federal funds since September for operations. Agoco, as the subsidiary is known, operates eight oil fields with a total capacity of 250,000 b/d, which feed into key Libyan crude grade Sarir/Mesla, which is exported from the 230,000 b/d Marsa el-Hariga terminal. A source familiar with the matter said it was doubtful the company would completely shut in production at its […]