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Libya's AGOCO says boosts oil output to more than 260,000 bpd

by Reuters
Monday, 26 September 2016 11:04 GMT

BENGHAZI, Libya Sept 26 (Reuters) - Libya's Arabian Gulf Oil Company (AGOCO) has raised its production to 261,000 barrels per day (bpd), 50,000 bpd higher than its output last week, spokesman Omran al-Zwai said on Monday.

AGOCO, a subsidiary of the National Oil Corporation (NOC) that operates in eastern Libya, has boosted production since forces loyal to eastern commander Khalifa Haftar seized blockaded oil terminals earlier this month and the NOC announced it would reopen them for exports.

(Reporting by Ayman al-Warfalli; writing by Aidan Lewis; editing by Jason Neely)

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