The Libyan Tripoli-based Ministry of Oil and Gas is concerned about the negative effect of the UN report on fuel smuggling in Libya on investment in the oil sector.
In its statement Saturday, the Oil Ministry was reacting to a circular sent by Tripoli-based Libyan prime minister Abd Alhamid Aldabaiba encouraging transparency and mitigating corruption.
The Oil Ministry said it is disturbed by the poor situation revealed by these lack of transparency and corruption reports and believes that its danger to Libya and the oil sector in particular lies in reducing the chances of investment in the sector, given that most of these reports contain unfortunate information about the investment climate in Libya.
The Oil Ministry statement follows on from a UN team of experts report revealing the continued smuggling of fuel through the ports of Benghazi and western Libya.
The Oil Ministry stressed that in its correspondence with the government and the National Oil Corporation (NOC), it has always called for the prevention of the occurrence of any financial, administrative or technical violations in order to block the ways and means of corruption and to establish the principle of transparency in word and deed.
It referred to the speech of the PM on 10 September to all the ministries of his government, stressing the necessity of implementing governance systems, fighting corruption, and mediation.
The Oil Ministry called on all public agencies in the country to implement the PM’s speech on fighting corruption to improve the dark stereotypical image of Libya externally, and to implement the speech literally and seriously with the aim of establishing a country in which justice prevails and transparency is established.