National Oil Corporation

The National Oil Corporation (NOC) of Libya is the state-owned entity responsible for the exploration, production, and management of Libya's oil and gas resources. It plays a crucial role in the country's economy, given that oil exports are a significant source of revenue. The NOC has been in the news for its recent agreements related to crude oil exports, including a landmark supply deal with Nigeria's Dangote Petroleum Refinery, marking a shift in regional energy markets.