Libya’s state-owned National Oil Corp (NOC) announced on Monday the opening of a new oilfield named Tahara and said it should eventually produce 14,000 barrels of oil and 6 million cubic feet of natural gas per day. The field is being operated by Arabian Gulf Oil Co (AGOCO), a subsidiary of the NOC, in the Hamada area of western Libya. In a statement, AGOCO did not specify when it would ramp up production, but said the field might be able to produce higher output of 40,000 barrels per day (bpd) with additional wells. Libya is exempt from production limits agreed by the Organisation of the Petr…