National Oil Corporation (NOC) is Libya’s state-owned oil and gas company, established in 1970 and headquartered in Tripoli. It manages the country’s hydrocarbon resources on behalf of the state, coordinating upstream and downstream activities and serving as the sector’s central policy and operating entity.
NOC oversees exploration and production through affiliated companies and joint ventures with international partners; operates refineries and export terminals; and markets crude oil, natural gas, and refined products. Through subsidiaries such as Sirte Oil Company and Ras Lanuf Oil and Gas Processing Company, it also manages petrochemical and fertilizer assets, including ammonia, urea, methanol, and olefins production, linking Libya’s hydrocarbons to the broader chemicals value chain.
The corporation’s portfolio includes operating companies such as Waha Oil Company, Arabian Gulf Oil Company (AGOCO), Mellitah Oil & Gas, and Brega Petroleum Marketing Company, alongside key infrastructure across major fields and ports including Es Sider, Ras Lanuf, Zueitina, Brega, Zawiya, and Hariga.
Also known as NOC Libya, Libya Oil, Libya’s National Oil Corporation, Northern Oil Company, and شركة نفط الشمال.
chemXplore tracks 2 projects involving NOC, of which 2 are active.
NOC's role on them: Owner and Operator.
1 new construction and 1 revamp / retrofit.
Targeting: Crude oil (2), Natural gas (1)
Commercially viable Essar discovery holds up to 45 million barrels and could reach ~6,000 b/d; proximity to infrastructure enables rapid, cost-efficient development.
15% stake added to the Kirkuk redevelopment vehicle; ConocoPhillips holds 42%; project targets over 3bn boe across multiple Kirkuk fields; assets currently with NOC/NGC.
A 42% stake will support redevelopment of Kirkuk oil fields, with an initial >3 billion boe production phase across Baba, Avanah, Bai Hassan, Jambur and Khabbaz.
Offshore compression module online to sustain low-pressure gas production and add about 800 million m³/yr, supporting power generation and exports to Italy.
Q1: E&P +9% to 1.8 mln boe/d; ~1bn boe discovered; FY CFFO raised to €13.8bn; Plenitude demerger, Acea adds clients to reach 11m; Enilive FIDs two biorefineries; proforma gearing 15%
Production at Libya's Mabruk field resumes after a new 25,000 bpd unit starts. This aligns with a strategy for low-cost, low-emission growth and marks 70 years in Libya.
QatarEnergy and Eni win rights to explore offshore block O1 in Libya's Sirte Basin, marking the first Libyan bid round since 2007.
The consortium will explore a 29,000 sqkm block in the Sirte Basin, conducting seismic and drilling activities over five years. Agreement signing is expected in Tripoli by February's end.
