Oil Companies Outline 2025 Activities and Future Strategies
The National Oil Corporation (NOC) is holding general assembly meetings for its subsidiaries to review their activities for 2025 and to present their work programs and budget estimates for 2026.
At Monday’s (December 29, 2025) meeting at NOC headquarters in Tripoli, chaired by Engineer Masoud Suleman, Chairman of the Board of Directors, several companies including Sarir Oil Operations, Mabruk Oil Operations, the National Oil Wells Drilling and Workover Company (NWD), the Petroleum Research Center (PRC), and Taknia Libya Engineering Company (TLEC) shared their activities for the past year, 2025.
The Chairman of the Board of Directors praised the achievements of Sarir and Mabrouk Oil Operations Companies. Sarir has reached a production rate of 59,000 barrels of oil and 59 million cubic feet of gas per day, while Mabrouk has produced 24,000 barrels of oil and 55.4 million cubic feet of gas daily, according to the latest statistics.
The NOC Chairman stressed the importance of projects aimed at reducing gas flaring, noting that the NOC has successfully saved around 100 million cubic feet of gas, working toward the goal of achieving zero gas flaring.
He also praised the NWD’s management committee for successfully implementing several strategic projects recently, resulting in improved operating rates for various oil wells. He emphasized the crucial role of the PRC in supporting and developing the oil industry by conducting scientific and applied research, providing laboratory services in exploration, production, manufacturing, and environmental fields, and training national personnel.
The TLEC recently reviewed the projects it has undertaken for oil companies, reaffirming its ongoing commitment to localizing engineering work through well-prepared plans.
Suleman reiterated the importance of focusing on young people, developing their capabilities, and empowering them to take on leadership roles in the sector.
The meeting brought together members of the Board of Directors, heads of the companies’ management committees, members of the Personnel’s Committee, the Chairman of the Management Committee, the Director of the Petroleum Research Center, and a number of general managers and chairs of departments.