sentences:  Agoco's roots go back to 1971 when the Arabian Gulf Exploration Company (AGECO) was established, following the implementation of Law No.115, issued by the Libyan Revolutionary Command Council nationalizing shares held by British Petroleum (BP).Agoco was formed by the 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.