National Oil Corporation’s Board of Directors Issues Series of Decisions Granting Financial Bonuses to Employees

The Board of Directors of the National Oil Corporation has issued a series of decisions, including granting financial bonuses to employees who have completed their years of service and retired upon reaching the legal retirement age, with a sum of 5,000 Libyan dinars.

The decisions also include amendments to annual bonus amounts based on years of service, according to Board Decision No. (121) for the year 2025. The net bonus gradually increases from 300 dinars for employees with 5 years of service to 700 dinars for those with 50 years of service.

Additionally, the decision grants NOC employees and those working at its affiliated companies a one-time financial aid of 5,000 dinars as a marriage gift, and 1,000 dinars for each newborn child.

The decision further includes a grant of 2,000 dinars to cover funeral expenses in the event of an employee’s death, and 1,000 dinars for the funeral of a first-degree relative.