National Oil Corporation

About

The National Oil Corporation (NOC) is a state-owned entity which was established in 1968, to assume the responsibility of controlling oil and gas production and overseeing all petroleum activities in Libya. The NOC aims for the realization of the objectives of the development plan in the areas of petroleum, supporting the national economy through increasing, developing and exploiting the oil reserves and operating and investing in those reserves, to realize optimum returns. The NOC also carries out oil field servicing, oil and gas processioning, marketing and sales activities.

National Oil Corporation (NOC) works to secure Libya's energy future through the responsible stewardship of its hydrocarbon resources.

NOC and its 24 subsidiaries currently employ over 65,000 workers, deployed all across the country, often in challenging circumstances. A half-century of operations has led NOC group to become one of Africa's largest oil companies.

National Oil Corporation subsidiaries include Arabian Gulf Oil Company (AGOCO), Ras Lanuf Oil and Gas Processing Company (RASCO) and Brega Petroleum Marketing Company. The NOC portfolio of companies includes subsidiaries and joint ventures companies with international partners across the industry value chain.

أنشئت المؤسسة الوطنية للنفط بموجب القانون رقم 24 لعام 1970 ، حيث أنيط بها مسئولية إدارة قطاع النفط ، لتعمل على تحقيق أهداف خطة التحول في المجالات النفطية ، والقيام بدعم الاقتصاد القومي عن طريق تنمية وتطوير الاحتياطيات النفطية واستغلالها الاستغلال الأمثل وإدارتها واستثمارها لتحقيق أفضل العوائد ، ويجوز لها في ذلك أن تشترك مع الهيئات والمؤسسات والجهات الأخرى التي تزاول أعمالا شبيهة بأعمالها. وتقوم المؤسسة الوطنية للنفط بعمليات الاستكشاف والإنتاج عن طريق الشركات المملوكة لها أو بالاشتراك مع الغير ، إلى جانب عمليات تسويق النفط والغاز داخل وخارج ليبيا .

Keywords

oil, gas processing, petroleum marketing, exploration, production

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