Company Profile

The New Libyan Company for Oil Services and Derivatives is a Libyan Limited Liability Company (LLC), officially registered and operating under the laws and regulations of the Libyan State. It is recognized as one of the leading national companies collaborating with the Ministry of Oil and Gas and the Ministry of Environment to execute oil, industrial, and environmental activities.

Established in 2010, the company aimed to contribute to the development of Libya's oil and gas sector by providing integrated solutions that meet the needs of this vital industry. Since its inception, the company has built a solid reputation in the Libyan market through its commitment to quality and safety standards, utilizing the latest technologies in its field.

Our company operates in integrated oilfield services, energy, industrial services, and logistics. Additionally, we hold a strategic focus on recycling oil and industrial waste, contributing to environmental protection and supporting the national economy.

Our Role in Supporting the Libyan Economy

The company contributes to the national economy by investing in the energy and industrial sectors, creating direct and indirect jobs for Libyan talent, localizing modern recycling technologies, and reducing the environmental impact of industrial waste.

In our environmental activities, we follow the principle of removing hazardous materials from the environment and transforming them into useful products. This approach promotes the concept of a Circular Economy rather than traditional waste disposal.

Our Vision

To be a national leader in providing sustainable oil services and advanced industrial solutions based on recycling and environmental protection, keeping pace with Libya's sustainable development goals.

Our Mission

To deliver integrated oil and industrial services according to the highest technical and environmental standards, while converting harmful waste into economically valuable products and actively creating local employment opportunities.

Our Values

Commitment to Quality, Innovation, Environmental Sustainability, Community Partnership, Integrity and Transparency, Teamwork, and Local Talent Development.

International Partnerships

The New Libyan Company for Oil Services and Derivatives enjoys a strategic partnership with an international holding company called EnerNova Holding, a multinational company with an investment and managerial focus, featuring partners from Malta, the Netherlands, Turkey, and Belgium.

EnerNova is a joint holding company specialized in:

Strategic management and project management
Financing and financial consultancy
International trade and market development
Corporate structuring and cross-border partnerships


This partnership comes within the framework of The New Libyan Company for Oil Services and Derivatives' commitment to:

Transferring international managerial and financial expertise to the Libyan market
Enhancing institutional governance and compliance with global standards
Supporting energy projects, oil services, and recycling
Facilitating access to foreign markets and international financing
This partnership contributes to enhancing the company's ability to execute major projects with high efficiency, and to boosting its regional and international competitiveness, which in turn supports the national economy and achieves sustainable development goals.

Partners

Mr Ayden Hassan

Mr. Ulrich Anass BONGO NGOYI Vice Chairman Africa & Europe Programs and Projects Protocol Overseer

Alexander Diamandidis

Collection Sites, Operational Fleet, and Environmental Preservation

The New Libyan Company for Oil Services and Derivatives possesses an integrated operational system for managing used oils and petroleum waste, combining a network of geographically distributed, certified collection sites and a complete fleet of vehicles equipped with suction and safe transport systems. This ensures the highest levels of operational efficiency and environmental compliance.

The collection sites begin according to the approved operational sequence from:
1. Tripoli – Tajoura Area
2. Sabratha City
3. Misrata City
4. Benghazi City
5. Brega City

These sites are used as collection and primary sorting points, where equipped vehicles carry out suction and transport operations according to strict technical and environmental procedures, before sending the oils and petroleum materials to the company's main plant located in the Industrial Zone – Sidi Al-Saih, where final processing and recycling operations are conducted according to approved standards.

This integration between collection sites and the operational fleet contributes to:

Reducing environmental pollution and protecting soil and groundwater
Preventing leaks and harmful emissions during transport
Improving logistics efficiency
Supporting the circular economy and complying with Ministry of Environment requirements

This approach reflects the company's practical commitment to environmental preservation and the application of best sustainable practices in the oil services sector.