Zelten Oil Field - Sirte Oil Company

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:

    Eat what you can get.
    Where’s the salt
    in this dump of a village?
    And, Lucky Man,
    what’s the use
    of a salty thing
    if there’s no oil in it?
    Hla Stavhana (c. 50 A.D.)

    It’s given new meaning to me of the scientific term black hole.
    Don Logan, U.S. businessman, president and chief executive of Time Inc. His response when asked how much his company had spent in the last year to develop Pathfinder, Time Inc.’S site on the World Wide Web. Quoted in New York Times, p. D7 (November 13, 1995)