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National Oil Company Integrated

National Oil Corporation of Libya

Tripoli, Libya · Established 1970 · Profile updated July 1, 2026

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Auditor Executive Assessment

Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum

Libya's National Oil Corporation (NOC) manages Africa's largest proven oil reserves (48 billion barrels) with production potential of 1.5+ mbpd, though output fluctuates significantly due to political instability, blockades, and infrastructure damage since 2011. Key producing areas include the Sirte Basin (Waha, Mabruk), Murzuq (El Sharara), and offshore Bouri. NOC partners with Repsol, Eni, TotalEnergies, and OMV. Financial flows are subject to dual-government revenue disputes between Tripoli...

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