Purpose of Company
:
The purpose of Company is
to transfer and accommodate technology in the field of oil, gas and
petrochemicals. For this purpose it may:
1.execute
oil and gas projects including preliminary, advanced and detailed works;
2.supply and operate
portable laboratories associated with drilling;
3.manufacture, import and
sell materials of drilling fluids necessary to the Company's work;
4.perform electrical and
mechanical maintenance works and provide spare parts, equipment and
vehicles;
5.construct workshops and
compounds for calibration and maintenance of accurate instruments and
equipment;
6.provide technical and
engineering consultations in oil and gas field including concluding
training courses for technicians and engineers at home and abroad;
7.maintain and monitor
lines carrying oil, gas and electricity;
8.construct, maintain and
clean oil tanks;
9.maintain oil wells and
pumping operations;
10.provide environmental
protection and oil and waste treatment services;
11.provide fire and oil
leakage protection services and sea environmental protection;
12.maintain residential
and industrial utilities and facilities of oil companies and other
service sectors; and
13.construct portable
compounds and units for oil companies and oil drillings rigs.
To meet its purposes,
the Company may:
1.
own properties and industrial, engineering and other
installations serving its purposes ;
2.
employ local and foreign expertise houses;
3. enter
into joint ventures with local and foreign companies;
4. provide
its services to other companies inside and outside the country; and
5.undertake all works and
dispositions related directly or indirectly to its activities. It may
also enter into partnership, merger or cooperation with other
partnerships, companies or corporations practicing similar businesses or
assisting the Company attain its objectives inside or outside
Jamahiriya.
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