DEVELOPMENT IMPACT OF SOCIAL RESPONSIBILITY PROGRAMS FOR THE NATIONAL OIL CORPORATION IN LIGHT OF SUSTAINABLE DEVELOPMENT GOALS AT OIL CRESCENT REGION

Abstract

Concern for social responsibility is not far from our religion, which urges community to cooperate with each other for a good society and preserve the environment, and not to ignore the rights of future generations as well. The aim of this study is to identify the role of the National Oil Corporation (NOC) in implementing the principle of social responsibility and illustrate its contributions to the Libyan State in general and Al Burayqah Municipality that was taken as a case study in particular. The NOC plays a vital role through sustainable development programs that directly affect the people and enhance the quality of life as well as reduce cost of living in Al Burayqah Municipality. The NOC has carried out several projects such as water supply, electricity services, and providing engineering laboratories for Bright Star University. In this research, two criteria were used to assess the benefit of these projects. The first criterion is the percentage of beneficiaries of these services or projects. The second criterion is the financial value saved for the local community as a result of finalizing these projects. As a result, this criterion has been obtained from water projects, which were saved approximately 1,700,000.00LYD. These results reached about 8% and 22% for the beneficiaries of water and electricity services, respectively, whereas the Bright Star University project was about 100%. These results reflect the size of the contribution of corporate social responsibility (CSR) to sustainable development projects.