Sirte Oil Company
The Sirte Oil Company (SOC), a subsidiary of the National Oil Corporation, was originally created in 1981 to take over Exxon's holdings in Libya. In 1986, SOC took over the assets of Grace Petroleum, one of the five US companies forced by the US government to leave Libya in 1996. SOC operates the Raguba field in the central part of the Sirte Basin. The field is connected by pipeline to the main line between the Zelten field and Brega. Besides Zelten, SOC is in charge of two other gas fields (Attahadi and Assumud) plus the Brega liquefied natural gas (LNG) plant.
Read more about this topic: Zelten Oil Field
Famous quotes containing the words oil and/or company:
“His education lay like a film of white oil on the black lake of his barbarian consciousness. For this reason, the things he said were hardly interesting at all. Only what he was.”
—D.H. (David Herbert)
“These studies which stimulate the young, divert the old, are an ornament in prosperity and a refuge and comfort in adversity; they delight us at home, are no impediment in public life, keep us company at night, in our travels, and whenever we retire to the country.”
—Marcus Tullius Cicero (106–43 B.C.)