Akida Group Competitors

The National Oil Corporation (NOC) is a state-owned entity which was established in 1968, to assume the responsibility of controlling oil and gas production and overseeing all petroleum activities in Libya. The 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. The NOC also carries out oil field servicing, oil and gas processioning, marketing and sales activities. National Oil Corporation (NOC) works to secure Libya's energy future through the responsible stewardship of its hydrocarbon resources. NOC and its 24 subsidiaries currently employ over 65,000 workers, deployed all across the country, often in challenging circumstances. A half-century of operations has led NOC group to become one of Africa’s largest oil companies. National Oil Corporation subsidiaries include Arabian Gulf Oil Company (AGOCO), Ras Lanuf Oil and Gas Processing Company (RASCO) and Brega Petroleum Marketing Company. The NOC portfolio of companies includes subsidiaries and joint ventures companies with international partners across the industry value chain. أنشئت المؤسسة الوطنية للنفط بموجب القانون رقم 24 لعام 1970 ، حيث أنيط بها مسئولية إدارة قطاع النفط ، لتعمل على تحقيق أهداف خطة التحول في المجالات النفطية ، والقيام بدعم الاقتصاد القومي عن طريق تنمية وتطوير الاحتياطيات النفطية واستغلالها الاستغلال الأمثل وإدارتها واستثمارها لتحقيق أفضل العوائد ، ويجوز لها في ذلك أن تشترك مع الهيئات والمؤسسات والجهات الأخرى التي تزاول أعمالا شبيهة بأعمالها. وتقوم المؤسسة الوطنية للنفط بعمليات الاستكشاف والإنتاج عن طريق الشركات المملوكة لها أو بالاشتراك مع الغير ، إلى جانب عمليات تسويق النفط والغاز داخل وخارج ليبيا .

The Arab Petroleum Investments Corporation (APICORP) is an energy-focused multilateral financial institution established in 1974 by the ten Arab oil-exporting countries. APCIORP’s mission is to enable a secure and sustainable energy future for the region through a comprehensive range of financing and direct equity solutions and expert advisory services across the entire energy value chain to leading public and private sector business partners in 25 countries. APICORP applies best-practice ESG principles across all operations, with environmental and socially-linked projects comprising 17.5% of its USD 4.3bn loan portfolio. APICORP is the only energy-focused financial institution in the MENA region rated ‘Aa2’ by Moody’s, ‘AA’ by Fitch and ‘AA-’ by S&P. Learn more about us here: www.apicorp.org

The Libyan Investment Authority (LIA) is the national sovereign wealth fund of Libya. Founded in 2006, the LIA is Africa’s largest sovereign wealth fund managing over US$67 billion in assets globally. As a legally and financially independent investment entity, the LIA is committed to safeguarding, preserving and growing our assets for the benefit of the Libyan people and future generations. The LIA is an active investor in Libya’s long-term recovery. Our mission is to achieve attractive and competitive commercial returns over the long-term, by investing internationally across a diverse set of industries and geographies. Our investment policy is centred on three core principles: • Securing the future of generations to come; • Achieving the best financial returns to improve the resilience of the Libyan economy for the long-term; • Contributing to the development and diversification of the Libyan economy through sustainable investment. The LIA is a member of the International Forum of Sovereign Wealth Funds and adopts governance, accountability and transparency best practices in accordance with the Santiago Principles. The LIA is overseen by a Board of Directors chaired by Dr Ali Mahmoud Hassan Mohamed, who was appointed by the UN-backed Government of National Accord.