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عربي

National Oil Corporation - Libya

  
Also known as: NOC
 
 
 
 
 
 
 
 
 
 
Updated: Mar 31, 2011
 
 
 
Country

Libya

Ownership Type
 
 
 
 
Principal Activities
Holding company investing in the oil and gas and petrochemicals industries; exploration, drilling, production, refining and storage of oil and gas; manufacture and distribution of petrochemicals; oilfield services including workover operations, machinery and equipment supply, repair and maintenance services; educational and training programs for the petroleum industry.
 
Date of Establishment Year
1970 (November)
 
No of Employees
1,000 Company, 50,000 Group (As of Mar 24, 2010)
 
 
Contact Details
Address:
National Oil Corporation Building
Bashir Al Saadawi Street
P.O. Box 2655
Tarabulus 5335
Tripoli
Libya
 
Tel:
+218 21-444-6181
+218 21-333-7141
 
Fax:
+218 21-444-6180
 
Email:
info@noclibya.com
 
Website:
www.noclibya.com.ly
 
Related Links:
www.nmosoil.com
www.ptqi.edu.ly
www.lercorefinery.com
www.nageco.com

 
 
 Business Overview
The government-owned National Oil Corporation-Libya (NOC) is a holding company that invests in the domestic oil sector. Through its subsidiaries and joint venture affiliates, the company carries out exploration, drilling, production, refining and storage of oil and gas; as well as the manufacture and distribution of petrochemicals; oilfield services and training programs for the petroleum industry.

Through its affiliate, the Libyan Emirates Refinery Company (LERCO), NOC signed an EPC contract to upgrade the Ras Lanuf refinery, valued at LYD2.38 billion (USD2 billion). When completed in 2013 the refinery would produce 220,000 barrels of refined petroleum products per day.

NOC signed an EPC contract through its subsidiary, the ENI Oil Company to develop the Bouri offshore oil and gas field for LYD1.2 billion (USD974 million). The project is expected to be completed in 2013.

The company’s joint venture with the US-based Dow Chemical CompanyDow Chemical CompanyLoading... resulted in an EPC contract to expand the Ras Lanuf petrochemical complex, valued at LYD5.95 billion (USD4.8 billion), and expected to be completed in 2014.

NOC signed a contract with the Libyan Investment AuthorityLibyan Investment AuthorityLoading... and the Norway-based Yara InternationalYara InternationalLoading... to revamp the fertilizer plant at Marsa Al Brega, valued at LYD1.78 billion (USD1.5 billion). The project is expected to be completed in the 3rd quarter of 2014.
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Government of Libya  Government Libya 100.00% 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Arabian Gulf Oil Company [AGOCO] Libya 100.00%
Azzawiya Oil Refining Company Libya 100.00%
Brega Petroleum Marketing Company Libya 100.00%
Jowef Oil Technology Company Libya 100.00%
National Oil Fields and Terminals Catering Company Libya 100.00%
National Oil Wells Drilling and Workover Company Libya 100.00%
North African Geophysical Exploration Company [NAGECO] Libya 100.00%
North Mediterranean Oil Services Company [NMOS] Libya 100.00%
Ras Lanuf Oil and Gas Processing Company Libya 100.00%
Sirte Oil Company for Production Manufacturing of Oil and Gas Libya 100.00%
Zueitina Oil Company Libya 88.00%
Repsol Oil Operation Libya 80.00%
Verenex Energy Canada 80.00%
ENI Gas Company Libya 75.00%
ENI Oil Company Libya 75.00%
Waha Oil Company Libya 59.17%
Harouge Oil Operations Libya 51.00%
Libyan Emirates Refining Company [LERCO] UAE 50.00%
Société Algero Libyenne d'Exploitation et de Production des Produits Petroliers Algeria 50.00%
Oilinvest (Netherlands) Netherlands 35.00%
Libyan Norwegian Fertiliser Company Libya 25.00%
Divisions
Name  Country  Holding 
Libyan Petroleum Institute Libya 100.00%
Petroleum Training and Qualifying Institute Libya 100.00%