No Result
View All Result
Thursday, August 21, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

 UK will investigate any allegations of corruption in Libyan oil sector

bySami Zaptia
May 4, 2024
Reading Time: 1 min read
A A
Foreign Affairs Committee on Libya not taking official evidence from Tripoli or Tobruk CBL and LIA

The British House of Commons (file photo)

The UK will investigate any allegations of corruption in the Libyan oil sector.

The statement was made in a written answer in the British House of Commons (parliament) by the British Deputy Foreign Secretary David Rutley. The question was asked by member of parliament Daniel Kawczynski.

Kawczynski asked Rutley ‘‘what assessment his Department has made of the implications for its policies of levels of corruption in Libya’s (a) oil industry and (b) national oil bodies.

On 2 May David Rutley answered: ‘‘The National Oil Corporation (NOC) is an important institution in Libya with a vital role to play. It is however vulnerable to malign state actors seeking to benefit from Libya’s political instability and capture of Libyan wealth by a small number of well-placed individuals through corrupt practices such as fuel smuggling, which can contribute to regional instability.

The UK is therefore supportive of any efforts to investigate corruption and impropriety in the NOC and advocates greater transparency on revenue expenditure.

RELATED POSTS

NOC discusses Honeywell study on economic feasibility of developing Zawia Oil Refining Co. – potential to save on petrol subsidies and imports

Sonatrach commercial oil discovery in Ghadames Basin to yield 4,200 bpd‎: NOC

The UK is clear that it will investigate any relevant allegations of corruption falling under the Bribery Act 2010.

Overall, the UK believes the only means of addressing these issues sustainably is through a political settlement under UN auspices, which it continues to support, including by encouraging all parties to engage meaningfully.’’

Tags: corruptionHouse of CommonsNOC National Oil CorporationUK British Parliament

Related Posts

CBL receives results from meetings with international banks
Business

CBL Governor Issa vows to end Libya’s liquidity crisis by 1 October

August 21, 2025
Libyan Railways Implementation Authority invites International Federation of Railways to participate in November workshop
Business

Libyan Railroads to issue consultancy tender for Tripoli rail project

August 21, 2025
NESR secures multiple production services contracts for over US$ 100 million in Algeria and Libya
Business

NESR secures multiple production services contracts for over US$ 100 million in Algeria and Libya

August 21, 2025
Policeman killed in UNDP Tripoli office attack
Business

On its opening day, ”Innovation Summer Season” discusses urban planning

August 20, 2025
New Libyan artificial intelligence system ‘‘LIBIGPT’’ to be launched soon
Business

New Libyan artificial intelligence system ‘‘LIBIGPT’’ to be launched soon

August 19, 2025
Adopting Libya’s National Strategy for the Communications and Informatics Sector 2023-2027
Business

General Authority for Communications and Informatics agrees MoU with Committee for Libya-Africa Transit Corridors Project

August 19, 2025
Next Post
Transport Ministry meets Japanese company North Star interested in investing in Libya

Jordanian and Qatar Airways to resume Libya flights this month - discussions ongoing with Saudi Airlines

The Libyan African Investment Portfolio (LAP) participates in Brussels forum on Africa.

LAIP’s Prime Atlantic Hotel in Banjul, Gambia reopened after completion of initial renovation

ADVERTISEMENT

Top Stories

  • Adopting Libya’s National Strategy for the Communications and Informatics Sector 2023-2027

    General Authority for Communications and Informatics suspends activities of China’s Huawei in Libya for violating national and international laws

    0 shares
    Share 0 Tweet 0
  • Lufthansa to act as consultant for proposed new Libyan state airliner

    0 shares
    Share 0 Tweet 0
  • New Libyan artificial intelligence system ‘‘LIBIGPT’’ to be launched soon

    0 shares
    Share 0 Tweet 0
  • New CBL Tripoli HQ construction project inaugurated – 11 years after it was announced

    0 shares
    Share 0 Tweet 0
  • Of the 67 strategic projects and initiatives, 8 are completed and 29 to start by end of 2025

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

CBL Governor Issa vows to end Libya’s liquidity crisis by 1 October

Libyan Railroads to issue consultancy tender for Tripoli rail project

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.