Libya’s National Oil Corporation (NOC)
Libya has attracted hydrocarbon exploration since 1956, when the first oil well was drilled onshore in the Sirte Basin. There were multiple concessions to Esso, Mobil, Texas Gulf and others, resulting in major oil discoveries, by 1959.
In the 1970s, Libya initiated a program under which the government either nationalized oil companies or became a participant in their concessions, production and transportation facilities. The National Oil Corporation (NOC) was established by Law No. 24 of 1970 to replace the General Libyan Petroleum Corporation.
Oil and Gas E&P is carried out by the NOC subsidiaries. These activities cover wide areas both onshore and offshore. The NOC has a grid of onshore oil, gas and product pipelines, crude oil export facilities and a gas pipeline.
The NOC is wholly owned by companies that explore, develop and produce oil and gas, in addition to internal and external marketing companies. It also has joint contracts with international companies specializing in these fields.
The NOC also has a group of companies to refine and manufacture oil and natural gas, which operates several refineries. The most important of which are Ras Al Anouf Refinery and Al Zawia Refinery, and a group of factories that produce ammonia, urea and methanol at the Brega petrochemical complex. These complexes also include a natural gas liquification plant, the ethylene plant and the polyethylene plant high density and low-density complex at Ras Lanuf.
The NOC also owns service companies that drill and maintain oil wells, provide all materials and tools used in drilling operations, supply, install and maintain oil and gas pipelines. Additionally, the NOC establish and maintain oil and gas reservoirs, conduct technical and economic studies, procurement of materials, equipment and training.
The NOC follows the Libyan Oil Institute, which conducts technical tests and tests for the stages of exploration and production of oil and its derivatives. The NOC also conducts quality control tests and issues certificates, evaluates patents of inventions and licenses, as well as local and international scientific publishing tools.
In the field of manpower development, the NOC supports the oil industry with national qualified standards. We are able to provide the formation of specialized and technical facilities for the operation and maintenance units through its institutes and centers, the most important of which is the Petroleum Institute for Rehabilitation and Training and the Qualified Training Center.
The current Chairman of the NOC is Mr. Farhat Ben Gdara, who was appointed on July 13, 2022.
The Libyan National Oil Corporation Houston Branch (LNOC) was inaugurated on 9 May 2019 which was announced by the Former Chairman of the NOC the Eng. Mustafa Sanalla in Houston on 02 Nov 2017.
PURPOSE
Murzuq Oil Services Ltd (MOSL) purpose is to advise and support the NOC and its affiliates in their mission to develop Libya’s energy assets for the advancement of Libya and its citizens. Working on significant future investment with mergers and acquisitions, supporting the NOC in their ambition to become one of the world’s leading integrated international energy companies.
MISSION
Our mission is to assist and enhance efforts to develop Libya’s resources/ reserves to maximise their value, safely and profitably. Working as trusted advisor, MOSL will support planning and projects, leading efforts to increase Libya’s oil and gas production to significantly higher levels ensuring maximum recovery.
VISION
MOSL’s vision is to create value for the NOC and its affiliates evolving Libyan energy recourses. We provide expert technical and business advisory services, supporting NOC and its affiliates to become one of the world’s leading Integrated International energy companies. MOSL provides high value to the NOC, and Libya, through the increased provision of high quality services, sound professional advice and training Libyan national personnel.
