The NOC stated that the signing formally makes it a member of the group of countries and entities operating under the supervision of the United Nations Environment Programme (UNEP).
It added that this move reflects the Corporation’s commitment to internationally adopted environmental conventions and treaties, strengthens UN efforts to curb emissions, and supports cooperation agreements with global companies, international organizations, the European Union, and the World Bank.
The agreement is part of the NOC’s efforts to reduce emissions and gas flaring, and to enhance international cooperation to improve performance and protect the environment.
National Oil Corporation
The National Oil Corporation (NOC) is the state-owned oil company of Libya, established in 1970 to manage the country’s hydrocarbon resources. It oversees all aspects of Libya’s oil and gas production, from exploration to export, and has been a central pillar of the national economy since its founding.
Oil and Gas Methane Partnership
The Oil and Gas Methane Partnership (OGMP) is a voluntary initiative launched by the United Nations Environment Programme and the European Commission in 2014. It provides a framework for companies to systematically measure, report, and reduce methane emissions from their oil and gas operations, aiming to improve transparency and advance climate goals.
United Nations
The United Nations is an international organization founded in 1945 after World War II to promote peace, security, and cooperation among nations. It replaced the ineffective League of Nations and is headquartered in New York City, with 193 member states working through bodies like the General Assembly and Security Council.
United Nations Environment Programme
The United Nations Environment Programme (UNEP) is the leading global environmental authority, established in 1972 following the United Nations Conference on the Human Environment in Stockholm. It sets the global environmental agenda, promotes sustainable development, and coordinates environmental action within the UN system.
European Union
The European Union (EU) is a political and economic union of 27 European countries, founded after World War II to foster economic cooperation and prevent future conflict. It has since evolved from a primarily economic community into a major entity with shared institutions, a single market, and a common currency used by many of its member states.
World Bank
The World Bank is an international financial institution founded in 1944 at the Bretton Woods Conference, with its initial mission focused on the post-World War II reconstruction of Europe. Today, its primary goal is to reduce global poverty by providing loans, grants, and expertise to developing countries for capital projects and policy programs.
