Libyan National Oil Corporation launches sustainability strategyThe Libyan National Oil Corporation (LNOC) has launched its sustainability strategy, 'Think Tomorrow,' at COP28, marking its commitment to sustainable development, environmental stewardship, and diversified energy sources in LibyaThe strategy includes an 83% reduction in gas flaring by 2030, (Image source: Adobe Stock)Centered around the 'Power of Potential', the strategy signifies LNOC's intention to move beyond traditional oil-centric operations, aligning with the global shift towards sustainable practices. The strategy includes an 83% reduction in gas flaring by 2030, pooling collaborative efforts from nine oil subsidiaries, namely Mellitah, Al Khaleej, Sirte, Mabruk, Waha, Zueitina, Harouge, Akakus, and Alsarir. As part of its environmental commitment, the corporation plans to plant one million trees between 2023 and 2025. Our vision extends beyond oil and gas production; it's about unlocking the potential for positive change – for Libya, our industry, and the global community. We are navigating toward a resilient and prosperous energy future through collaboration, innovation, and a dedication to responsible practices."

Source: Libya Today December 05, 2023 16:37 UTC