The National Oil Corporation is responsible for production, refining and exporting oil in libya, and is the owner of many affiliated companies in the sector
The National Oil Corporation (NOC) was established on 12 November 1970, to assume the responsibility of the oil sector operations. And to undertake 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
Therefore, NOC is carrying out exploration , production and refining operations, and marketing locally and abroad through its own affiliated companies, or in participation with other companies under service contracts or any other kind of petroleum investment agreements.
Read Message From our Chairman
We realize the amount of difficulties and hardships that are storming Libya and specifically it’s economy. And because we are aware of Libya’s economy’s dependency on the oil sector and how vital it is, we are doing our best to improve the country’s oil sector, and to effectively participate in resolving the economical adversities that Libya is facing through the hard work of our corporations and partners to devise strategies, inclusive developmental plans and contributing in construction and economical diversity.
Naji Almoghrbe, Managment Board Chairman.
نسعى إلى خلق وتنفيذ خطط التنمية المستدامة.
The National Oil Corporation manages and develops the oil sector in Libya in addition to other commitments that help our society.
Here at NOC we are aware that in order to reach our goals in developing and managing the oil sector in Libya we need to apply our values that insure our success:
Efficiency: NOC works towards training its employees to improve their efficiency which in turn increases their productivity, and we always seek to provide the best equipment available.
Reliability: In our line of business, we realize that our community and client depend on us, therefore we always strive to exceed their expectations.
Flexibility and quality: We always endeavor to adapt to the needs of the market and present our services in the best way possible.
Since the discovery of oil in Libya in 1958, it was paramount to form a body to manage and develop the oil sector in Libya.
The National Oil Corporation (NOC) was established on 12 November 1970, under Law No: 24/1970, replacing the general Libyan Petroleum Corporation which established under Law No. 13 of 1968 to assume the responsibility of the oil sector operations. It was later reorganized under decision No :10/1979 by the General Secretariat of the General People’s Congress, to undertake 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. In carrying out its activities, NOC may enter into participation agreements with other companies and corporations carrying out similar activities.