Libyan Oil Facilities In a sign that Libya may very soon add even more crude to the global oil glut, spokesman Omran al-Zwai told Reuters on Monday that Libya’s Arabian Gulf Oil Company (AGOCO) had increased its crude output to 320,000 barrels per day (bpd) from 290,000 bpd late last week. Early last week, Benghazi-based AGOCO – a unit of the National Oil Corporation (NOC) operating mainly in the eastern part of the country – had raised its production by 50,000 bpd to 261,000 bpd, al-Zwai had told Reuters. In its latest estimate for two fields, AGOCO reckons that output at the Sarir oil field had risen to some 200,000 bpd, while production at the Nafoura field was 29,000 bpd, al-Zwai said. Should the Bayda field come on line, AGOCO may reach its goal to produce 350,000 bpd by year-end, according to the spokesman. AGOCO’s production has more or […]