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NOC Business

Our remit is to support the national economy through the exploration, development and export of Libya’s natural energy reserves. The Corporation is one of Libya’s largest employers and also invests in the social development of the country.

NOC’s operations

Our operations are primarily split across
Oil
Gas
Renewable

The NOC additionally provides the oil and gas sector with research, training, graduate development, and ancillary services such as catering and the procurement of materials and specialist skills. We have a duty to maximise revenues via our marketing operations of oil and gas, locally and globally. But our role at the NOC goes beyond generating returns and energy security at home. We want to meet the ever-evolving energy challenges and opportunities that exist across the globe. 

We are upgrading our domestic oil and gas infrastructure to the highest international specifications in order to increase production and to return Libya as a world energy leader. In doing so, we are also mindful of our responsibility to ensure we build a future – for NOC, for Libya

Oil

With the largest reserves on the African continent, Libya has a long history of exploration and production with operations located across the country. The NOC plays a vital role in supplying both the domestic and export markets with oil and ensuring a stable energy supply domestically and internationally.

Today, Libya produces 1.4 million barrels of oil per day. In the up coming three to five years, we will increase our oil production first to two million barrels per day, and then to three million. 

The NOC carries out exploration and production operations through its own affiliated companies and in participation with international partners under service contracts and other investment agreements.

We also own national service companies which carry out oil well drilling, lay and maintain oil and gas pipelines, and build and maintain oil and gas storage tanks.
The NOC owns refining, oil and gas processing companies, Ammonia, Urea and methanol plants. We  operates refineries such as Zawia and Ras Lanuf, the Ras Lanuf petrochemical complex and the gas processing plant.

The NOC’s oil production facilities are located in:

Ras Lanuf

Zawia

Mellitah

The NOC’s gas production facilities are located in:

Ras Lanuf

Zawia

Gas

With the largest proven gas reserves in Africa, the NOC has identified Libya’s natural gas as a key component of our energy strategy going forward.

Libya is a significant supplier of natural gas to neighboring countries in North Africa and in Europe, through the Greenstream pipeline, which supplies gas to Italy.

The Corporation leads Libya’s development and extraction of natural gas. We plan to increase our capabilities in this field to fully utilize its potential for the benefit of the Libyan people and the globe.

We will continue to enter into partnerships with international energy companies to bring new gas assets online rapidly, and we will also continue to explore for new gas fields, both onshore and offshore. In January 2023, we announced the development of two offshore gas sites in partnership with ENI, with production forecast at 750 mcf/d.
We have also recently launched the phase two development of the Faregh oil and gas field, adding 66bcf/y of natural gas and 15,000b/d of condensate, upgraded the compression capability at the Waha gas field to increase capacity and launched phase two development of Bahr es Salam oil and gas field, adding 146bcf/y.

RENEWABLES

Libya possesses huge renewable potential. Over the coming years, we will harness our resources to maximise the output of clean energies, investing consistently to realise fully our natural advantages as they relate to wind and solar, for the good of all. 
Libya enjoys plentiful sunlight throughout the year, and a significant part of the country is located in the Sahara desert, making for ideal conditions for solar power generation. Libya also has 1,900 kilometers of Mediterranean coastline, which holds significant potential in terms of wind power production. 
The National Oil Corporation will be at the forefront of this exploration of solar and wind energy, in addition to the promising possibilities around hydropower, geothermal energy and biomass utilization. 
We will work with the leading global renewable energy partners to deepen our expertise, to harness cutting-edge technologies and to ensure we are able rapidly to accelerate our production of clean energy.

While we understand that renewables are the future, we must also be mindful of the realities of the present. Today, renewable energy accounts for a small proportion of world energy. We will strive to reduce the price of renewables by investing profits derived from oil and gas into cleaner alternatives over the long-term.