Libyan National Oil Corporation

Name

Libyan National Oil Corporation

Legal name

Libyan National Oil Corporation

Website

https://lnoc-us.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

National Oil and Gas Corporation

NAICS

Crude Petroleum Extraction (21112), Oil and Gas Extraction (211), Pipeline Transportation of Refined Petroleum Products (486910), Petroleum and Coal Products Manufacturing (3241)

SIC

Crude Petroleum & Natural Gas (1311), Pipe Lines (No Natural Gas) (4610), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD)

akta.pro secondary industries

Crude Oil Pipeline Transportation (EUALADAA), Crude Oil Field Gathering Systems (TLAGAJAA)

Keywords

• Crude oil production
• Natural gas operations
• Oil refinery services
• Petrochemical manufacturing
• Upstream exploration licensing

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Crude Oil Export: Libya exports crude oil as its primary revenue source, with the corporation controlling production and export operations across multiple fields including the recently restarted Mabruk oil field producing 25,000 barrels per day.
2. Natural Gas Production and Export: Gas production for domestic electricity generation and export surplus, with new discoveries including two offshore Metlaoui formation gas finds totaling over 1 trillion cubic feet planned for domestic supply and export to Italy.
3. Refined Petroleum Products: Downstream operations through refineries including Ras Al Anouf Refinery and Al Zawia Refinery, producing refined products for domestic consumption and potentially for export.
4. Petrochemical Products: Production of ammonia, urea, methanol, ethylene, and polyethylene at Brega and Ras Lanuf petrochemical complexes for domestic use and export markets.
5. Exploration and Production Sharing Agreements: Revenue through production sharing agreements with international oil companies, including the $7-9 billion Eni investment agreement expected to generate at least $13 billion in net revenues.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Libyan National Oil Corporation is a state-owned national oil corporation managing Libya's full oil and gas value chain, including upstream exploration and production across onshore and offshore fields, midstream pipeline and export terminal operations, and downstream refining and petrochemical processing. The corporation runs exploration licensing rounds, production sharing agreements, and crude oil and natural gas supply contracts with international oil companies and foreign governments. It also operates a Houston-based procurement and engineering branch supporting the rehabilitation of Libya's oil and gas sector.

Product overview

Libyan National Oil Corporation operates as a vertically integrated state-owned oil and gas company with the largest proven oil reserves in Africa. The company manages a portfolio of core business segments including upstream exploration and production (onshore and offshore), midstream pipeline operations, downstream refining and petrochemicals, and specialized services. The NOC Houston Branch serves as the first international office, acting as a procurement and engineering hub for a USD 60 billion rehabilitation program targeting 2.1 million barrels per day production capacity. The company operates through subsidiary companies covering refineries (Ras Lanuf, Ras Al Anouf, Al Zawia), petrochemical complexes (Brega), and the Mellitah Complex, while pursuing the Mubadara 2030 strategic initiative for natural gas development. Recent activities include the first oil licensing round in nearly two decades and production restarts at Mabruk oil field.

Differentiator

Problem solved

Functional benefit

Products and services

• NOC Houston Branch Procurement Services International procurement and engineering hub in Houston, Texas supporting NOC and its subsidiaries in the rehabilitation of Libya's oil and gas industry across upstream, midstream, and downstream sectors through purchasing, supplier assessment, expediting, technical inspection, logistics, and contract negotiation.
• Upstream Oil and Gas Exploration and Production

Quantifiable outcome

• Target production capacity increase to 2.1 million barrels per day through sector rehabilitation
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered minor, core and flagship.

• Trasta EnergyminorChannel Partner/ Reseller/ Distributor · 12 May 2026NOC concluded decade-long partnership with Trasta Energy in Libyan Emirates Oil Refining Company (LERCO), operator of Ras Lanuf refinery. All Trasta Energy shares reverted to NOC, resolving international legal disputes and returning full control of Ras Lanuf complex to Libyan management.
• South Korea (Government)coreStrategic or Co-development Partner · 17 April 2026South Korea's Deputy Foreign Minister discussed potential crude oil and naphtha supply arrangements with NOC. NOC indicated willingness to actively allocate heavy crude supplies to Korea subject to specifications, delivery timing, and buyer credibility conditions.
• Egypt General Petroleum CorpcoreStrategic or Co-development Partner · 29 March 2026Egypt to import at least 1 million barrels of Libyan oil per month (2.4 million barrels total monthly) following request from Egypt's General Petroleum Corp to offset halt in Kuwaiti supplies caused by Strait of Hormuz closure.
• EniflagshipStrategic or Co-development Partner · 11 February 2026Eni partnership for exploration and production sharing in Libya's oil and gas sector, representing $7-9 billion in investments with expected net revenues of at least $13 billion - the largest investment in the sector in 25 years. Also collaborated with Eni on managing the damaged Russian LNG tanker Arctic Metagaz environmental situation.
• ChevroncoreStrategic or Co-development Partner · 11 February 2026Chevron won bidding round auction for Contract Area 106 in Sirte Basin, marking company entry into Libya. Also signed MoU with NOC to assess onshore drilling exploration and development potential, subject to production sharing agreement execution.
• RepsolcoreStrategic or Co-development Partner · 11 February 2026Repsol won exploration rights through consortium with Turkish TPAO for offshore blocks in Libya's first licensing round in 17 years. Consortium operates the O7 offshore block with 40% stake.
• Türkiye Petrolleri A.O. (TPAO)coreStrategic or Co-development Partner · 11 February 2026Turkish Petroleum Corporation secured exploration licenses in offshore and onshore areas through consortium with Repsol, marking Turkish participation in Libya's first exploration licensing round in 17 years.
• Eni-QatarEnergy ConsortiumcoreStrategic or Co-development Partner · 11 February 2026Consortium of Eni and QatarEnergy won investment opportunity in Libya's exploration bidding round for blocks offered in the first licensing round in nearly two decades.
• ATEOminorStrategic or Co-development Partner · 11 February 2026Nigerian ATEO company won investment opportunity in Libya's public exploration bidding round, one of five major international companies to secure blocks.
• MOL GroupcoreStrategic or Co-development Partner · 30 January 2026MOL Group entered Libya through joint bid with Repsol (40%, operator) and TPAO (40%) for O7 offshore block exploration covering over 10,300 km² in water depths exceeding 1,500 meters, approximately 140 km northwest of Benghazi. Also signed strategic partnership agreement with NOC on January 30, 2026 for exploration, production, and crude supply collaboration.
• SLB (Schlumberger)coreImplementation/ SI/ Consulting Partner · 16 November 2025NOC signed MoU with SLB to enhance collaboration on sustainable development projects benefiting local communities near oil fields, focusing on educational institution development as part of NOC's sustainable development programs.
• TotalEnergiesflagshipStrategic or Co-development Partner · 1 January 2025TotalEnergies operates Mabruk oil field with 37.5% stake alongside NOC, completing 22-month reconstruction to restart production at 25,000 barrels per day. Also targeting FID end-2026 for North Gialo 6J project (100,000 bpd potential) and 500 MW Sadada solar plant near Misrata.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• QatarEnergy: Qatar's state-owned integrated energy company and a direct partner in the Eni-QatarEnergy consortium that won blocks in NOC's 2026 licensing round. QatarEnergy is a benchmark for a state-owned NOC that has built global LNG and gas export franchise, making it a relevant peer on the gas export thesis NOC is pursuing with its Italy pipeline plans.
• ADNOC: Abu Dhabi's state-owned integrated energy company, directly comparable as a Gulf NOC pursuing IOC partnership-driven capacity expansion, gas development, and downstream/petrochemical integration. ADNOC's strategy of licensing rounds, foreign capital partnerships, and integrated gas-plus-petrochemicals expansion closely mirrors NOC's Mubadara 2030 approach.
• Sonatrach: Algeria's state-owned national oil and gas company, the closest geographic and structural peer to NOC: integrated upstream-to-downstream operations, Mediterranean export orientation, pipeline connections to Europe (Italy and Spain), and a comparable mix of crude export plus gas monetization. Both NOCs hold the largest African reserves in their respective countries and operate under similar state-driven commercial frameworks.
• Saudi Aramco: Saudi Arabia's state-owned national oil company, the global benchmark for a vertically integrated NOC managing upstream production, midstream pipelines, and downstream refining/petrochemicals. Comparable as the largest holder of proven reserves in its region, a counterpart in OPEC+ production discussions, and an active partner/competitor for IOC investments in MENA exploration.
• NNPC Ltd: Nigeria's state-owned national oil company, the closest sub-Saharan African peer to NOC: vertically integrated upstream, midstream, and downstream operations, large proven reserves, dependence on foreign IOC partners for capital and technology, and ongoing efforts to attract investment in exploration and refining rehabilitation. Shares NOC's challenges around asset nationalization legacy, regulatory transparency, and rehabilitation capex.
• Kuwait Petroleum Corporation: Kuwait's state-owned national oil corporation, a direct peer as a Gulf-based integrated NOC with significant proven reserves, refining capacity, and maritime export infrastructure. Comparable on the export business model that NOC pursues through bilateral supply agreements with countries like Egypt, and as a counterpart in OPEC+ discussions affecting NOC's production ceiling.
• Egyptian General Petroleum Corporation: Egypt's state-owned national oil company, a peer as a fellow North African NOC and also a current NOC counterparty (buyer of 2.4 million barrels/month of Libyan crude). Compares on integrated upstream/midstream operations, Mediterranean positioning, and the same regional crude-and-gas supply dynamics that shape NOC's commercial strategy.

Emerging players

• Repsol: Spanish integrated energy company and an NOC partner (Repsol-TPAO consortium won offshore block O7 in NOC's 2026 licensing round). Comparable as an IOC with North African and Mediterranean upstream exposure, refining assets, and a strategy of partnering with NOCs for exploration and development — directly relevant to NOC's partnership-driven growth model.
• Eni: Italian integrated energy company and NOC's flagship IOC partner, with the largest single recent investment commitment ($7-9 billion) and the Eni-QatarEnergy consortium's bid-round win. Comparable as an IOC with deep North African and Mediterranean upstream operations (including operating the Bahr Essalam complex with Mellitah Oil & Gas) and as a natural buyer/partner for NOC's Italy-bound gas volumes.

Regional players

• INA Group: Croatia's integrated oil and gas company with upstream activities in Egypt and other Mediterranean/North African basins, downstream refining, and gas trading. A regional peer given its focus on the Adriatic/Mediterranean corridor that overlaps with NOC's Italian gas export ambitions and shares NOC's exposure to regional upstream economics.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/libyan-national-oil-corporation-houston-branch

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Libyan National Oil Corporation