THE OIL AND GAS SECTOR

Libya has a rich history of oil exploration and production. Oil was first discovered in Libya in 1959 at the Amal field, and since then, the country has become one of the largest oil producers in Africa. OPEC has declared Libya as the 2nd largest oil producer in Africa.

In the early 1960s, the Libyan government nationalized the oil industry, taking control of the exploration, production, and exportation of oil. This led to the formation of the National Oil Corporation (NOC), which has since become the main regulatory body for the oil industry in Libya. 

Throughout the 1970s and 1980s, Libya experienced significant growth in its oil industry. Oil exports became a major source of revenue for the country, and the government invested heavily in the development of infrastructure and social programs. 

However, political instability and sanctions have impacted Libya’s oil industry. In 2011, during the Libyan Civil War, oil production and exports were significantly disrupted, leading to a drop in production from over 1.5 million barrels per day (bpd) to around 200,000 bpd.

Since then, the country has struggled to stabilize its oil industry. In recent years, the NOC has worked to restore production and attract foreign investment, but ongoing conflict and political uncertainty continue to hinder progress. 

As of 2021, Libya’s oil production has recovered to around 1.2 million bpd, but the country still faces challenges in maintaining and expanding its oil industry.

Libya’s oil reserves are critical to the country’s economy, as they account for a significant portion of its GDP and government revenue. According to the Organization of the Petroleum Exporting Countries (OPEC), Libya has the largest proven oil reserves in Africa, with an estimated 48 billion barrels of oil as of 2021. 

Oil exports provide the majority of Libya’s foreign exchange earnings, making the country heavily reliant on the oil industry. The oil and gas sector also provide employment opportunities for Libyans, with many jobs directly or indirectly linked to the industry.

External entities are likely to play an important role in Libya’s future, particularly in the country’s efforts to rebuild and diversify its economy. Libya’s oil industry is critical to the country’s economy, but there is a growing recognition of the need to develop other sectors, such as tourism and manufacturing, to reduce its reliance on oil exports. 

However, the success of external entities in Libya will depend on the country’s political and security situation. Continued instability and conflict could deter foreign investment and make it difficult for outside entities to operate effectively. Therefore, it will be important for Libya to continue making progress in its political transition and address the underlying causes of conflict to create a stable and secure environment for investment and economic development.

  

THE NATIONAL OIL CORPORATION

Libyan Minister of Oil:            Mohamed Oun

NOC Chairman:                       Omar Bengdara 

The National Oil Corporation (NOC) is the state-owned oil company of Libya, responsible for managing the country’s oil and gas resources. The NOC was established in 1970 and is headquartered in the capital city of Tripoli.

The NOC is responsible for overseeing all aspects of the oil and gas industry in Libya, including exploration, production, refining, and marketing. It manages a number of subsidiary companies, including the Arabian Gulf Oil Company, the Waha Oil Company, and the Zueitina Oil Company, which are responsible for operating and developing oil fields in different regions of the country.

The NOC is overseen by a board of directors, which is appointed by the Libyan government. The chairman of the board is also the chief executive officer of the company. The NOC operates under the Ministry of Oil and Gas, which sets the overall policy and regulatory framework for the industry.

The NOC is responsible for negotiating contracts with foreign oil companies, and it has signed production-sharing agreements with a number of international companies, including BP, Total, and Eni. The company also manages the country’s oil exports, which are a critical source of revenue for the Libyan government.

In terms of operations, the NOC manages a complex network of oil fields, pipelines, refineries, and export terminals. It employs thousands of workers and contractors, and it has faced significant challenges in recent years due to the ongoing conflict and political instability in Libya. Despite these challenges, the NOC has continued to operate and maintain the country’s oil and gas infrastructure, albeit at reduced levels compared to its pre-conflict production levels.

AGOCO chairman Salah Gatrani has stated that the continuation of the Arabian Gulf Oil Company’s (AGOCO) development operations (stated on Feb 24th 2023) will inevitably lead to Libya reaching a production rate of more than 1.5 million barrels of oil per day in 2023.

He said this was because of the stability witnessed by the country in general, and by the oil sector in particular. Libya has been unable to maintain production beyond 1.2 million bpd. 

There are many companies operating in the oil and gas sector in Libya and many are partnered with major international oil and gas operators

  

ZUEITINA OIL COMPANY

Zueitina Oil Company is a Libyan oil and gas company that operates in the upstream sector of the country’s oil industry. The company was established in 1986 and is based in Benghazi, Libya.

Zueitina Oil Company is involved in the exploration, production, and development of crude oil and natural gas reserves in Libya. The company’s operations are focused primarily in the eastern region of the country, where it operates several oil fields and production facilities.

Zueitina Oil Company is owned by the Libyan National Oil Corporation (NOC), which is the national oil company of Libya. The company works closely with other NOC subsidiaries, as well as with international oil and gas companies that operate in Libya, to develop and produce oil and gas reserves in the country.

The company’s production capacity is estimated to be around 70,000 barrels of oil per day, and it has significant reserves of both crude oil and natural gas.

Zueitina Oil Company operates several oil fields in eastern Libya, including the Zueitina oil field, which is one of the largest producing oil fields in the country. The company also operates the Brega oil field, the Farighni oil field, and the Nafoora oil field, among others.

In addition to its upstream operations, Zueitina Oil Company is also involved in the transportation and export of crude oil and natural gas. The company operates a number of export terminals and pipelines, including the Zueitina terminal, which has a capacity of around 70,000 barrels per day.

Zueitina Oil Company is committed to improving the efficiency and sustainability of its operations, and has undertaken a number of initiatives aimed at reducing its environmental impact and increasing its production capacity. The company is also investing in research and development to explore new technologies and techniques that can help maximize the recovery of oil and gas reserves in Libya.

Overall, Zueitina Oil Company plays a key role in supporting the development of Libya’s oil and gas industry by providing exploration, production, and transportation services to the NOC and other companies operating in the country. The company’s focus on innovation and sustainability is helping to drive growth and improve the efficiency of the Libyan oil and gas sector.

  

WAHA OIL COMPANY

he Waha Oil Company is a subsidiary of the National Oil Corporation (NOC) of Libya, and is responsible for the exploration, production, and export of crude oil from several oil fields located in the Sirte Basin in central Libya. The company was established in 1956, and its headquarters are located in Tripoli, Libya.

Waha Oil Company operates several major oil fields in the Sirte Basin, including the Waha, Gialo, and Farigh fields, which have a combined production capacity of over 300,000 barrels per day (bpd). The company also operates a number of smaller oil fields in the area, and is involved in oil exploration activities in other parts of central Libya.

The crude oil produced by the Waha Oil Company is transported via pipelines to the Es Sider export terminal, located on the Mediterranean coast, where it is loaded onto tankers for export. The company is also involved in efforts to upgrade and expand the country’s oil export infrastructure, including the construction of new pipelines and export terminals.

The Waha Oil Company has partnerships with several international oil and gas companies, which provide the company with technical expertise, investment, and access to global markets. Some of these partners include/has included:

  1. ConocoPhillips: The US multinational oil and gas company has partnered with Waha Oil Company on several oil and gas exploration and production projects in Libya.
  2. Hess Corporation: The US oil and gas company has partnered with Waha Oil Company on oil and gas exploration and production projects in Libya.
  3. Marathon Oil: The US oil and gas company has partnered with Waha Oil Company on several oil and gas exploration and production projects in Libya.

Overall, the Waha Oil Company is an important player in the Libyan oil and gas industry, and is a key contributor to the country’s economy. Despite the ongoing conflict and political instability in Libya, the company has managed to maintain production from its oil fields, and has continued to export crude oil to international markets.

 

ARABIAN GULF OIL COMPANY (AGOCO) 

The Arabian Gulf Oil Company (AGOCO) is a subsidiary of the National Oil Corporation (NOC) of Libya, and is responsible for the exploration, production, and export of crude oil from several oil fields in eastern Libya. AGOCO was established in 1979, and its headquarters are located in Benghazi, Libya.

AGOCO operates several major oil fields in eastern Libya, including the Sarir, Messla, and Nafoora fields, which have a combined production capacity of over 300,000 barrels per day (bpd). The company also operates a number of smaller oil fields, and is involved in oil exploration activities in the Sirte Basin and other areas of eastern Libya.

The crude oil produced by AGOCO is transported via pipelines to the Marsa el-Hariga export terminal, located near Tobruk, where it is loaded onto tankers for export. AGOCO has also been involved in efforts to upgrade and expand the country’s oil export infrastructure, including the construction of a new oil export terminal near Benghazi.

Despite the ongoing conflict and political instability in Libya, AGOCO has managed to maintain production from its oil fields, and has continued to export crude oil to international markets. The company plays a critical role in the Libyan oil and gas industry, and is a key contributor to the country’s economy.

As a subsidiary of the National Oil Corporation (NOC) of Libya, the Arabian Gulf Oil Company (AGOCO) generally partners with other companies in joint ventures that are negotiated and approved by the NOC.

Over the years, AGOCO has partnered with several international oil and gas companies on exploration and production projects in eastern Libya. Some of these partners have included:

  1. Eni: The Italian multinational oil and gas company has partnered with AGOCO on several oil and gas exploration and production projects in eastern Libya.
  2. Wintershall: The German oil and gas company has partnered with AGOCO on several oil and gas exploration and production projects in eastern Libya.
  3. Repsol: The Spanish multinational oil and gas company has partnered with AGOCO on oil and gas exploration and production projects in eastern Libya.
  4. OMV: The Austrian multinational oil and gas company has partnered with AGOCO on oil and gas exploration and production projects in eastern Libya.

These partnerships help to bring in foreign investment and expertise into the Libyan oil and gas industry, and to facilitate the development of the country’s natural resources. The NOC is responsible for negotiating the terms of these partnerships on behalf of the Libyan government, and for overseeing the operations of the international oil companies in the country.

 

ENI – MELLITAH OIL & GAS

 Mellitah Oil & Gas B.V. is a joint venture between the National Oil Corporation (NOC) of Libya and Eni, an Italian multinational oil and gas company. Mellitah operates in the upstream and downstream sectors of the Libyan oil and gas industry, and is responsible for the development and operation of the Bahr Essalam offshore gas field in the Mediterranean Sea, as well as the Mellitah complex, which includes a gas treatment plant and a crude oil export terminal.

The Bahr Essalam gas field, located off the coast of western Libya, is one of the largest offshore gas fields in the Mediterranean, with estimated reserves of around 260 billion cubic meters of gas. The gas produced from the field is transported to the Mellitah complex, where it is processed and treated before being exported to Italy via the Greenstream pipeline, which is operated by a separate joint venture between the NOC and Eni.

The Mellitah complex also includes a crude oil export terminal, which is used to export oil produced from the Waha Oil Company, another subsidiary of the NOC. The terminal has a capacity of around 8 million barrels per month, and is capable of handling both crude oil and condensates.

Overall, Mellitah is an important joint venture between the NOC and Eni, and plays a critical role in the development and operation of Libya’s oil and gas infrastructure, particularly in the offshore sector.

  

OCCIDENTAL

Occidental Petroleum Corporation, commonly referred to as “Oxy,” is a US-based oil and gas exploration and production company that has had a history of operations in Libya. In the 1960s and 1970s, Oxy was involved in the exploration and production of oil in Libya, and at its peak, produced more than 250,000 barrels of oil per day from its Libyan operations.

However, following the imposition of economic sanctions against Libya in 1986, Oxy was forced to withdraw from the country and abandon its assets. In 2005, Oxy reached a settlement with the Libyan government to compensate for its past operations in the country and to restore its investment status. Following this settlement, Oxy was granted an exploration license for an onshore block in the Sirte Basin, but the company relinquished the license in 2011 after the outbreak of the Libyan civil war.

In 2015, following the establishment of a unity government in Libya, Oxy announced plans to resume operations in the country, but these plans were put on hold due to ongoing instability and security concerns. As of 2021, Oxy does not have any active operations in Libya.

It’s worth noting that while Oxy has a history of operations in Libya, the company has not been a significant player in the country’s oil and gas industry in recent years. The National Oil Corporation (NOC) of Libya and its subsidiaries, including the Waha Oil Company and the Arabian Gulf Oil Company, are the major players in the country’s oil and gas sector, with partnerships with several international oil and gas companies.

  

SIRTE OIL

Sirte Oil Company is a subsidiary of the National Oil Corporation (NOC) of Libya and is responsible for the exploration, production, and export of crude oil from several oil fields located in the Sirte Basin in central Libya.

The company was established in 1955 and its headquarters are located in Tripoli, Libya. Sirte Oil Company operates several major oil fields in the Sirte Basin, including the Nafoora, Bahi, and Mabruk fields, which have a combined production capacity of over 250,000 barrels per day (bpd). The company also operates a number of smaller oil fields in the area, and is involved in oil exploration activities in other parts of central Libya.

The crude oil produced by Sirte Oil Company is transported via pipelines to the Ras Lanuf export terminal, located on the Mediterranean coast, where it is loaded onto tankers for export. The company is also involved in efforts to upgrade and expand the country’s oil export infrastructure, including the construction of new pipelines and export terminals.

Overall, Sirte Oil Company is an important player in the Libyan oil and gas industry and is a key contributor to the country’s economy. Despite the ongoing conflict and political instability in Libya, the company has managed to maintain production from its oil fields and has continued to export crude oil to international markets. 

Like many other oil and gas companies in Libya, Sirte Oil Company has partnered with a number of international oil and gas companies to help develop its oil fields and improve its production capabilities.

Some of the international companies that have partnered with Sirte Oil Company and the NOC in recent years include:

  • Eni, an Italian oil and gas company, which has a longstanding presence in Libya and has partnered with the NOC and Sirte Oil Company on several oil exploration and production projects in the country.
  • Total, a French oil and gas company, which has also been active in Libya’s oil and gas sector and has partnered with the NOC and Sirte Oil Company on several projects in the Sirte Basin.
  • Repsol, a Spanish oil and gas company, which has a stake in a joint venture with Sirte Oil Company and the NOC to develop the Murzuq basin, located in the southwestern part of Libya.
  • OMV, an Austrian oil and gas company, which has partnered with the NOC and Sirte Oil Company on several exploration projects in Libya, including the development of the Sirte oil fields.

Overall, the partnerships between Sirte Oil Company and international oil and gas companies are aimed at enhancing Libya’s oil and gas production capabilities, improving the country’s energy infrastructure, and contributing to the development of the country’s economy.

 

JOWLFE

Jowfe Oil Technology Company, it is a subsidiary of the National Oil Corporation (NOC) of Libya and is responsible for providing technology and engineering services to the NOC and other oil and gas companies operating in Libya.

Jowfe Oil Technology Company was established in 2013 with the aim of providing technical and engineering expertise to the Libyan oil and gas industry, including in the areas of drilling, reservoir management, and production optimization. The company is headquartered in Tripoli, Libya, and has a number of offices and facilities throughout the country.

Jowfe Oil Technology Company works closely with other NOC subsidiaries, such as the Arabian Gulf Oil Company and the Waha Oil Company, as well as with international oil and gas companies that operate in Libya. The company provides a range of technical services, including well engineering and design, drilling project management, reservoir modelling, and production optimization.

The primary objective of JOTC is to provide world-class technical and engineering services to the Libyan oil and gas industry, with a focus on optimizing production and enhancing the recovery of hydrocarbons. The company’s services include drilling engineering, reservoir engineering, production engineering, and field development planning.

JOTC is staffed by a team of experienced professionals who have extensive knowledge of the Libyan oil and gas industry, as well as expertise in a range of technical disciplines. The company works closely with other NOC subsidiaries, as well as with international oil and gas companies that operate in Libya, to provide high-quality technical and engineering services.

In addition to providing technical services, JOTC is also involved in research and development activities aimed at improving the performance of the Libyan oil and gas industry. The company is committed to developing innovative solutions and technologies that can help increase production and enhance recovery rates in Libya’s oil and gas fields.

Overall, JOTC plays a key role in supporting the development of Libya’s oil and gas industry by providing technical expertise and services to the NOC and other companies operating in the country. The company’s focus on innovation and optimization is helping to drive growth and improve the efficiency of the Libyan oil and gas sector.

  

OIL LIBYA

Oil Libya Company is a Libyan petroleum company that operates in the downstream sector of the country’s oil and gas industry. The company was established in 1984 and is headquartered in Tripoli, Libya.

Oil Libya Company is primarily engaged in the marketing and distribution of refined petroleum products, including gasoline, diesel fuel, and aviation fuel, as well as lubricants and other specialty products. The company operates a network of retail fuel stations throughout Libya, as well as a number of depots and storage facilities for petroleum products.

In addition to its downstream operations, Oil Libya Company is also involved in the import and export of petroleum products, as well as the provision of services related to the transportation and storage of crude oil and refined petroleum products.

The company is owned by the Libyan government and is one of the largest petroleum companies in the country.

  

HAROUGE OIL COMPANY 

Harouge Oil Operations is a Libyan oil and gas company that operates in the upstream sector of the country’s oil industry. The company was established in 1985 and is headquartered in Benghazi, Libya.

Harouge Oil Operations is involved in the exploration, development, and production of crude oil and natural gas reserves in Libya. The company’s operations are focused primarily in the eastern region of the country, where it operates several oil fields and production facilities.

The company is owned by the Libyan National Oil Corporation. Harouge Oil Operations works closely with other NOC subsidiaries, as well as with international oil and gas companies that operate in Libya, to develop and produce oil and gas reserves in the country.

Harouge Oil Operations’ production capacity is estimated to be around 200,000 barrels of oil per day, and it has significant reserves of both crude oil and natural gas.

In addition to its upstream operations, Harouge Oil Operations is also involved in the transportation and export of crude oil and natural gas. The company operates a number of export terminals and pipelines, including the Marsa el Brega terminal, which has a capacity of around 110,000 barrels per day.

Harouge Oil Operations operates primarily in the eastern region of Libya, where it has several oil fields and production facilities. Some of the major oil fields operated by the company include the Elephant oil field, the Messla oil field, and the Sarir oil field. The company also operates the Ras Lanuf and Marsa el Brega export terminals, which are key facilities for the transportation and export of crude oil and natural gas from the region.

In addition to its operations in eastern Libya, Harouge Oil Operations also has interests in other parts of the country. For example, the company is a partner in the Waha Oil Company, which operates several oil fields in the Sirte Basin in central Libya. Harouge Oil Operations also has interests in the National Oil Corporation’s exploration and production activities in southern Libya.

Overall, Harouge Oil Operations has a significant presence in the Libyan oil and gas sector, with operations and interests across the country. The company plays a key role in supporting the development of the industry and the economy of Libya, by producing and exporting crude oil and natural gas, creating employment opportunities, and contributing to the growth and development of the local communities.

Harouge Oil Operations partners/has partnered with a variety of international companies in its operations. Some of the major international companies that have partnered with Harouge Oil Operations in the past or are currently working with the company include:

  1. Eni: The Italian energy company Eni has a longstanding partnership with the NOC and is involved in several upstream projects in Libya, including the Bahr Essalam gas field, which is operated by Harouge Oil Operations.
  2. Repsol: The Spanish oil and gas company Repsol has partnered with the NOC and other Libyan oil companies in the past, and has been involved in several upstream projects in the country, including the Sharara oil field.
  3. OMV: The Austrian oil and gas company OMV has been active in Libya since the early 1970s and has a longstanding partnership with the NOC. OMV has been involved in several upstream projects in the country, including the Waha Oil Company, which is a joint venture between the NOC and several international oil companies, including OMV.
  4. Total: The French energy company Total has been active in Libya since the 1950s and has a longstanding partnership with the NOC. Total has been involved in several upstream projects in the country, including the offshore Al Jurf field.
  5. Gazprom: The Russian energy company Gazprom has been active in Libya since the 2000s and has partnered with the NOC and other Libyan oil companies in several upstream projects in the country.

Overall, Harouge Oil Operations partners with a variety of international companies in its operations, as part of the NOC’s efforts to attract foreign investment and expertise to the Libyan oil and gas sector.

AKAKUS OIL OPERATIONS

Akakus Oil Operations is a Libyan oil company that operates in the western region of the country. The company is a joint venture between the Libyan National Oil Corporation (NOC) and several international oil companies, including Repsol, OMV, and Total.

Akakus Oil Operations operates several oil fields in the western region of Libya, including the Murzuq and Sharara oil fields. These fields are among the largest in the country and are critical to the Libyan oil industry, these include

  1. Sharara Oil Field: The Sharara oil field is one of the largest in Libya, and Akakus Oil Operations is the operator of the field. The field has a production capacity of around 300,000 barrels per day, and it has been the target of several attacks by armed groups in recent years.
  2. Murzuq Oil Field: The Murzuq oil field is another important field operated by Akakus Oil Operations. The field has a production capacity of around 50,000 barrels per day, and it is located in a remote area in the southwestern part of the country.
  3. Exploration: Akakus Oil Operations is also involved in exploration activities in Libya, and it has several exploration blocks in the western region of the country. The company is currently conducting seismic surveys and other exploration activities in these blocks, with the aim of discovering new oil and gas reserves.
  4. Refining and Marketing: In addition to its upstream activities, Akakus Oil Operations is also involved in downstream activities, such as refining and marketing of petroleum products. The company operates a refinery in the city of Zawiya, which produces a range of products, including gasoline, diesel, and jet fuel.
  5. Partnerships: Akakus Oil Operations is a joint venture between the Libyan National Oil Corporation (NOC) and several international oil companies, including Repsol, OMV, and Total. The company benefits from the expertise and technology of its partners, as well as their financial and marketing resources.

In addition to its upstream operations, Akakus Oil Operations is also involved in downstream activities, such as refining and marketing of petroleum products. The company operates a refinery in the city of Zawiya, which has a capacity of 120,000 barrels per day.

As a joint venture between the NOC and international oil companies, Akakus Oil Operations has access to the expertise and technology of its partners. The company also benefits from its partnerships in terms of financing and marketing of its products.

 

SARIR OIL COMPANY

Sarir Oil Operations is one of the main subsidiaries of the NOC, responsible for the exploration, production, and development of the Sarir and Messla oil fields in the eastern part of the country. These oil fields are some of the largest and most important in Libya, with estimated reserves of over 12 billion barrels of oil.

Sarir Oil Operations was established in 1961 and has since played a significant role in Libya’s oil industry. The company has worked with international oil companies to develop and maintain its oil fields, including Eni, Total, and Marathon Oil.

However, the political instability and conflict in Libya have led to disruptions in Sarir Oil Operations’ production and operations. The company has been impacted by attacks on oil fields and infrastructure, as well as disputes over control of oil revenues between rival political factions.

Despite these challenges, Sarir Oil Operations continues to operate and has been working to increase production in the Sarir and Messla fields. In 2021, the company announced plans to increase oil production to 300,000 barrels per day, which would be a significant increase from its current levels.

Sarir Oil Operations is headquartered in the city of Benghazi in eastern Libya and employs thousands of workers and contractors, many of whom are Libyan nationals.

The Sarir and Messla oil fields are located in the Sirte Basin in eastern Libya, and together they account for a significant portion of Libya’s oil production. The oil extracted from these fields is typically of high quality and is in demand in international markets.

Despite challenges, Sarir Oil Operations has continued to operate and has been working to increase production levels in the Sarir and Messla fields. The company has been investing in new technology and equipment to improve efficiency and productivity, and has been working with international partners to bring in expertise and support.

Moving forward, the success of Sarir Oil Operations will depend on a number of factors, including the ability of the company to attract investment and expertise, and the global demand for oil. While there are certainly challenges ahead, the company remains a key player in Libya’s oil industry and will likely continue to play a major role in the country’s economic development in the years to come.

 

BREGA 

Brega Oil Marketing Company is a subsidiary of the National Oil Corporation (NOC) of Libya, responsible for the marketing and distribution of petroleum products within the country.

The company was established in 1971, following the nationalization of the oil industry in Libya. Its name is derived from the town of Brega, which is located in the north-eastern part of the country and is home to one of Libya’s largest oil refineries.

Brega Oil Marketing Company operates a network of fuel distribution centres and retail outlets throughout Libya, supplying gasoline, diesel, and other petroleum products to both commercial and individual customers. The company also plays a key role in the transportation and storage of oil and gas products within the country.

In recent years, Brega Oil Marketing Company has faced challenges due to political instability and security concerns in Libya. In 2011, during the Libyan Civil War, many of the company’s facilities were damaged or destroyed, and its operations were severely disrupted. Since then, the company has worked to rebuild and expand its infrastructure, but ongoing conflict and insecurity continue to pose challenges for the company’s operations.Brega Oil Marketing Company has a significant role in

Libya’s economy, as it is responsible for supplying fuel to various sectors, including transportation, industry, and agriculture. The company also provides fuel to households for cooking and heating purposes.

To meet the demand for fuel in Libya, Brega Oil Marketing Company operates a fleet of tanker trucks and transports fuel by pipeline and rail. The company has also invested in modern storage facilities and depots, which are strategically located across the country.

In addition to its domestic operations, Brega Oil Marketing Company has also been involved in international trade. The company has exported petroleum products to various countries in Africa, including Mali, Niger, and Chad.

The company has faced challenges in ensuring the security of its facilities and personnel, and has had to temporarily suspend operations in some areas due to safety concerns. The country’s economic downturn and foreign currency shortages have also impacted the company’s ability to import and distribute fuel efficiently.

Despite these challenges, Brega Oil Marketing Company continues to play a critical role in Libya’s energy sector, and the National Oil Corporation has stated that it remains committed to investing in the company’s infrastructure and operations to ensure the continued supply of petroleum products to the country. 

 

FOOTNOTE:

Libya’s oil companies and oil industry are hugely diverse. The industry has seen significant growth and return to productivity in the last 18 months to 2 years. Whilst this briefing document highlights the major players there are many more. 

Please contact the BRITISH LIBYAN BUSINESS ASSOCIATION if you require further information or assistance to help guide you in developing opportunities and commercial activities in Libya.