Entity

RASCO (Ras Lanuf Oil and Gas Processing Company) is a subsidiary of Libya's state-owned National Oil Corporation (NOC). The company was established in 1983 and became operational in 1984.​

Primary Operations

RASCO operates the Ra's Lanuf refinery and petrochemical complex, which includes the 220,000 barrel-per-day refinery, an ethylene plant with 1.2 million tons annual capacity, and polyethylene production facilities. The company produces fuel oil, gas oil, liquefied petroleum gas (LPG), naphtha, kerosene, and petrochemical products.​

Historical Role

Until March 9, 2009, RASCO was the direct operator of the Ra's Lanuf complex. Following a $2 billion agreement concluded in 2008, NOC formed a joint venture with the UAE-based Al Ghurair Investment Group's subsidiary Trasta in March 2009, creating the Libyan Emirates Oil Refining Company (LERCO) to assume operational control. This marked the transition of operational management away from RASCO.​

Current Status

While RASCO remains technically a subsidiary of NOC, the company's operational role has been superseded by LERCO. However, RASCO is still recognized as one of NOC's principal subsidiaries, along with Arabian Gulf Oil Company (AGOCO), Zueitina Oil Company (ZOC), and Sirte Oil Company (SOC).

References

1. National Oil Corporation company page. Linkedin Libya (Accessed: Nov 21 2025)
2. ARMTEL by ARMAN. Oct 1, 2019. Successful project for Ras Lanuf Oil and Gas Processing Company (Rasco)
3. Wikipedia. Ras Lanuf Refinery (Page last edited: Aug 8, 2025)
4. Wikipedia. Ras Lanuf Oil and Gas Manufacturing Company (Page last edited: Sep 19, 2025)