Eastern Libyan state oil firm AGOCO, a subsidiary of state oil firm NOC, is producing 304,000 barrels a day of oil, its chairman told Reuters Sunday.
Mohamed Shatwan said production would rise to 350,000 bpd after new projects such as improving power supply had been completed, a plan that has been in the works for over a year.
The firm's production fluctuates, due partly to electricity problems. It reported production of 314,000 bpd for the last two months.
Shatwan also said there were no security issues at any oilfield. AGOCO's biggest asset is the Sarir oilfield.
There has been no recent oil production figure released by Libya's state oil firm NOC.
Ali Abdulaziz Issawi, who is economy minister of the internationally recognised government in the capital, Tripoli, told Reuters Thursday that national output was 1.150 million bpd. NOC could not be reached for comment.
Reuters
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