WE CONTRIBUTE TO GLOBAL GROWTH & PROVIDE THE WORLD WITH ITS ENERGY & PETROCHEMICAL NEEDS
Novel Corona virus
Coronaviruses are a large family of viruses that are known to cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS).
A novel coronavirus (COVID-19) was identified in 2019 in Wuhan, China. This is a new coronavirus that has not been previously identified in humans.
Prevention and treatment
No vaccine or specific treatment is currently available, however several MERS-CoV specific vaccines and treatments are in development. Treatment is supportive and based on the patient’s clinical condition.
As a general precaution, anyone visiting farms, markets, barns, or other places where dromedary camels and other animals are present should practice general hygiene measures, including regular hand washing before and after touching animals, and should avoid contact with sick animals.
The consumption of raw or undercooked animal products, including milk and meat, carries a high risk of infection from a variety of organisms that might cause disease in humans. Animal products that are processed appropriately through cooking or pasteurization are safe for consumption, but should also be handled with care to avoid cross contamination with uncooked foods. Camel meat and camel milk are nutritious products that can continue to be consumed after pasteurization, cooking, or other heat treatments.
Until more is understood about MERS-CoV, people with diabetes, renal failure, chronic lung disease, and immunocompromised persons are considered to be at high risk of severe disease from MERS-CoV infection. These people should avoid contact with camels, drinking raw camel milk or camel urine, or eating meat that has not been properly cooked.
National Oil Corporation is a state-owned entity which was established in 1970, under Law No: 24/1970, to assume the responsibility of controlling oil and gas production and overseeing all petroleum activities in Libya.
NOC aims for the realization of the objectives of the development plan in the areas of petroleum, supporting the national economy through increasing, developing and exploiting the oil reserves and operating and investing in those reserves, to realize optimum returns.
NOC also carries out oil field servicing, oil and gas processioning, marketing and sales activities. National Oil Corporation subsidiaries include Arabian Gulf Oil Company (AGOCO), Ras Lanuf Oil and Gas Processing Company (RASCO) and Brega Petroleum Marketing Company.
Oil Sector Overview
Libya is a member of the Organization of Petroleum Exporting Countries (OPEC) and holds the largest proven oil reserves in Africa, 41.5 Gbbl (6.60×109 m3) as of January 2007, up from 39.1 Gbbl (6.22×109 m3) in 2006.
About 80% of Libya’s proven oil reserves are located in the Sirte Basin Province, which accounts for 90% of the country’s oil output. The province ranks 13th among the world’s petroleum provinces, having known reserves of 43.1 billion barrels (6.85×109 m3) of oil equivalent (367,00 000,000 bbl (0 m3) of oil, 37.7 trillion cubic feet (1.07×1012 m3) of gas, 0.1 Gbbl (16,000,000 m3) of natural gas liquids).
The Libyan economy depends on oil, which account for approximately 95% of export earnings, 75% of government receipts, and over 50% of GDP, which was USD $50.2 billion in 2006.