The present disclosure relates generally processes and systems for converting a C2-C7 light alkanes feed to liquid transportation fuels or value-added chemicals. The feed is contacted with an aromatization catalyst at a temperature and pressure that selectively converts C4 and larger alkanes to an intermediate product comprising monocyclic aromatics and olefins. Following separation of the aromatics and C5+ hydrocarbons from the intermediate product, unconverted C2-C3 alkanes are thermally-cracked to produce olefins that are subsequently oligomerized to produce a liquid transportation fuel blend stock or value-added chemicals.