The Arabian Gulf Oil

It's a subsidiary of state-owned National Oil Corporation (NOC). AGOCO'S roots goes back to 1971 when the Arabian Gulf Exploration Company (AGECO) was established, following the implementation of Law No. 115, nationalizing shares held by British Petroleum (BP). AGOCO was reformed by NOC in late 1979 to take over the assets of a partnership of BP and Nelson Bunker Hunt of the United States, and a partnership of Chevron and Texaco called Amoseas. AGOCO has upstream operations in eight oil fields located in these main fields: • Sarir oil fields • Messla Oil fields • Nafoora Oil fields • Beda oil fields • Hamada fields And two refineries: • Sarir Refinery • Tobruk Refinery Also operates one crude oil terminal • Tobruk Terminal Also • One headquarter office at Benghazi and • One office at Tripoli. AGOCO around 6000 employees, more than 99% of them are nationals, distributed over its different locations. (En)