Our source has exclusively obtained details of the operating budget of the National Oil Corporation (NOC) and its affiliated companies.
The correspondent reported that Ras Lanuf Oil Company is spending 47.619 million dinars under Chapter Two (Part One) during 2026, according to expenditure data.
Insurance accounts for the largest share of Ras Lanuf’s expenditures, at 16.346 million dinars, followed by maintenance, at 12.055 million dinars, and operational production expenses, at 8.993 million dinars.
The company is also spending 2.474 million dinars on rent and 2.202 million dinars on public utilities during 2026.
Ras Lanuf Oil Company is spending 2.191 million dinars on other benefits for Libyan and foreign employees, compared with 470,000 dinars for external training and only 16,000 dinars for local training.
Meanwhile, telecommunications expenses at Ras Lanuf Oil Company amount to 1.473 million dinars, compared with 287,000 dinars for conferences, exhibitions, and official missions.
The company also records 856,000 dinars for consumable goods, 124,000 dinars for printed materials and stationery, and 119,000 dinars for professional and technical services.
At the same time, zero dinars are allocated for routine maintenance of oil wells, despite spending millions of dinars on other items at Ras Lanuf Oil Company during 2026.
The company has also allocated only 2,000 dinars for medicines and medical supplies, compared with 16.346 million dinars for insurance.
