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.