The Company's strategy revolves around the development of oil fields for the extraction of crude oil in commercial quantities. The strategic processes involve the prospecting of oil, its extraction, building of hundreds of miles of transportation pipelines, secure storage, and finally the loading of crude on oil tankers around the world.
The Company operates under specific international agreements and the directives of the OPEC.
Harouge Oil Operations
We believe that oil and gas will remain integral to Libya's energy needs for economic development for many decades to come.
Harouge Oil Operations (previously “Veba Oil Operations”) is the joint venture operator on behalf of Libyan’s National Oil Corporation and snice 1955. In 2008 exploration & production sharing agreement held between NOC and SUNCOR Energy Oil – North Africa – Limited (Ex- Petro -Canada Oil North Africa.
The Company is engaged in developing and exploiting oil fields located in five contract areas onshore Libya.