Latest news with #NationalOilCorporation
Libya Observer
12 hours ago
- Business
- Libya Observer
NOC to launch phase three of 'One Million Trees' initiative
The National Oil Corporation (NOC) announced on Monday that it is preparing to launch the third phase of its 'One Million Trees' initiative, which aims to plant trees across oil sites and nearby municipalities to help reduce carbon emissions. In a statement shared on its official Facebook page, the NOC outlined the main objectives of the upcoming phase expanding vegetation in industrial zones, improving air quality, reducing carbon dioxide levels, and promoting local biodiversity. The NOC stressed that the initiative is a key component of its broader sustainability strategy. Thousands of trees have already been planted during the first two phases, with the overall goal of reaching one million trees by 2026. The project is being implemented in partnership with both local and international entities, with a strong focus on collaboration with workers across the oil sector. Tags: tree-planting National Oil Corporation
Libya Herald
19 hours ago
- Politics
- Libya Herald
NOC launches phase three of its one million tree-planting initiative by end 2026
Libya's state National Oil Corporation (NOC) announced yesterday that it is preparing to launch Phase Three of its One million Tree-planting Initiative. It said this phase will involve afforestation at oil sites and municipalities adjacent to oilfields to reduce carbon emissions. It will have the objectives of enhancing vegetation cover in industrial areas, improving air quality, reducing carbon dioxide and supporting local biodiversity. The initiative, the NOC added, is implemented in cooperation with local and international partners and the active participation from oil sector workers. The NOC said ''thousands'' of trees were planted in the previous two phases and that the initiative comes as part of its sustainability strategy and commitment to plant one million trees by 2026. Phase One launched in 2024 It will be recalled that the NOC had launched the first phase in February 2024. The NOC said the campaign comes within its 'Thinking About Tomorrow' initiative to reduce carbon emissions launched by its then Chairman, Farhat Bengdara, in December 2023 at the World Climate Summit (COP28). The campaign aims to plant one million trees in 40 sites distributed throughout all regions of Libya. It targets several locations by planting types of forest seedlings that are appropriate for their nature, to serve and achieve multiple environmental purposes, increase green spaces in areas where there are few forest seedlings, and enhance agriculture to adapt to the risks of climate change and withstand drought and the factors of desertification witnessed by the global climate crisis. The NOC had reported that the launch of this campaign witnessed great cooperation from several parties, such as the Ministry of Agriculture and Livestock and its affiliated bodies, civil society organizations, school students, local councils in municipalities, scout and guide regiments, and security personnel in the two regions. 100-million tree planting initiative adopted by PM as one of its ''Strategic Projects'' It will also be recalled that in December 2024 Tripoli based Libyan Prime Minister, Abdel Hamid Aldabaiba, approved the ''Green Libya Initiative'' to plant 100 million trees in various Libyan regions, under the supervision of the Executive Team for the PM's Initiatives and Strategic Projects, and in partnership with local institutions and foreign oil companies. The initiative is supported by the following foreign oil companies operating in Libya: Equinor, Halliburton Wintershall, Tatneft, Oilinvest, Tamoil, Gazprom, OMV, ENI, Repsol, BP and Suncor. . PM Aldabaiba launches ''Green Libya Initiative'' – includes planting 100 million trees NOC and AGOCO launch tree-planting campaign in all AGOCO company sites NOC prepares first 100 hectares in Wahat area as part of one million tree planting initiative First batch of trees for Tripoli's one million tree planting project arrive – over 45,000 trees planted in 16 months NOC continues its initiative to plant one million trees to reduce carbon emissions Second batch of trees arrive in Tripoli as part of the one million tree-planting initiative At COP28, NOC launches ambitious 'Think Tomorrow' environmental initiative ( Agricultural Ministry holds meeting to discuss implementation mechanism of 100 million tree planting initiative Oilinvest launches one million tree forestation initiative in Libya for Greenhouse Gas Removal ( Ministry of Planning confirms development of integrated plan to plant 100 million trees by 2030 ( The 2023-24 tree planting season launched to activate the 100 million trees by 2030 initiative ( Tree-planting campaign launched in Sirte ( Gharian to plant one million olive trees and 500k almond trees ( Libya aims to plant 20 million olive trees through private sector ( NOC starts first phase of its campaign to plant a million trees Tripoli University launches tree-planting campaign Tags: NOC National Oil Corporationone million treestree trees
Libya Review
2 days ago
- Business
- Libya Review
Libya Aims to Plant One Million Trees by 2026
Libya's National Oil Corporation (NOC) announced on Monday that it is preparing to launch the third phase of its ambitious 'Million Trees' initiative, aimed at reducing carbon emissions and enhancing environmental sustainability in and around the country's oil production zones. The campaign focuses on planting trees at oil sites and in surrounding municipalities to absorb carbon dioxide, improve air quality, and restore biodiversity. According to the NOC, the third phase will target industrial areas where the environmental impact of oil operations is most concentrated. It will also expand to nearby communities affected by pollution and desertification. The NOC stated that the initiative is part of its long-term sustainability strategy to plant one million trees across Libya by 2026. Thousands of trees were already planted during the first and second phases, and each stage of the campaign is designed to address both ecological and community needs. The effort is being carried out in collaboration with local partners, international organizations, and workers from the oil and gas sector. The corporation emphasized that tree planting is not just symbolic, but a tangible way to reduce environmental damage caused by decades of industrial activity. It added that involving oil workers and nearby residents helps build local ownership and long-term engagement in climate action. The second phase of the initiative, completed in April, focused on the Al-Wahat region, where over 55,000 trees were planted. The third phase will build on that model, expanding to additional regions with similar environmental pressures. With Libya's oil industry playing a central role in the national economy, the NOC is positioning this initiative as a key part of its environmental and social responsibility.
Libya Herald
3 days ago
- Business
- Libya Herald
NOC signs four memorandums of understanding with Algeria's Sonatrach
Libya's state National Oil Corporation (NOC) announced last Thursday (24 July) that it had signed four memorandums of understanding (MoU) at Sonatrach's headquarters in Algiers to enhance joint cooperation in the fields of operations, petroleum services, training and exchange of expertise. MoU on geophysical exploration activity The terms of the first memorandum of understanding signed between Sonatrach's National Geophysical Company (ENAGEO) and the North African Geophysical Exploration Company (NAGECO) of the National Oil Corporation (NOC) focused on geophysical exploration activity. MoU on provision of oil services in Algeria, Libya and abroad The second was between Sonatrach's National Well Services Company (ENSP) and Sonatrach's Al-Jouf Petroleum Technology Company (JOT), related to the provision of oil services in Algeria, Libya and abroad. MoU on research The third was signed between Sonatrach / Exploration and Production – Laboratory Division, and the Petroleum Research Centre, and aims to carry out joint actions within the framework of partnership projects between Sonatrach and the National Oil Corporation. MoU was on training and knowledge transfer The fourth MoU was on training and knowledge transfer and was signed between Sonatrach and the National Oil Corporation (NOC). It aims to cooperate in the field of training and knowledge transfer in all disciplines related to the oil and gas sector in the two countries. MoU's support the continuation of strategic and in-depth partnership The NOC stated that the conclusion of these MoUs with Algeria's Sonatrach is a support for the continuation of the strategic and in-depth partnership between the two parties, and demonstrates the commitment of the National Oil Corporation to develop strategic, solid and sustainable partnerships with the Algerian Sonatrach Foundation. Tags: Algeria AlgerianNOC National Oil CorporationSonatrach
Libya Observer
4 days ago
- Business
- Libya Observer
Boulos reveals upcoming signing of 2 new deals by Libya's NOC and US energy firms
US President Donald Trump's advisor for African affairs, Massad Boulous, has revealed that two new agreements are expected to be signed between Libya's National Oil Corporation (NOC) and American energy companies, in a move 'aimed at boosting energy cooperation between the two countries.' In a video statement published by the US embassy in Libya on its Facebook page Friday, Boulos explained that a Memorandum of Understanding is expected to be signed between the NOC and the American company ExxonMobil. He also pointed to another agreement in the final stages of preparation between the partners of Libya's Waha Oil Company—including the American firm ConocoPhillips—for the development of Waha oil fields, with investments worth millions of dollars. Boulos said the agreement 'will enable exploratory studies in offshore gas zones, enhancing Libya's capabilities in the energy sector.' Boulos visited Tripoli last Wednesday, where he met with Prime Minister Abdulhamid Dbeibeh, who presented a $70 billion economic partnership proposal between the two countries. He also met with Presidential Council Chairman Mohamed Menfi, and later attended the signing ceremony of an agreement between Mellitah Oil and Gas Company and the American firm Hill International at the NOC headquarters in Tripoli. In a statement published by the US embassy in Libya on Facebook, Boulos said: 'I was honored to join the National Oil Corporation and Hill International in Tripoli for the signing of a major $235 million infrastructure agreement. This partnership supports the NOC's efforts to modernize and boost gas production and exports.'
