No Result
View All Result
Sunday, April 19, 2026
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

Former Director of NOC International Marketing Department sentenced to 10 years imprisonment and fined US$ 1.8 billion for fraud

NOC to Libya Herald: Resumption of gas tanker arrivals at Marsa al-Brega port boosts supplies and reduces costs

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

De La Rue meets Governor of Central Bank of Libya in DC to follow up on its currency printing plan

April 19, 2026
Jumhuria bank announces its Palm Payment service
Business

Jumhuria bank announces its Palm Payment service

April 19, 2026
LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September
Business

Libyan British Business Forum to be held in London on 22 June

April 19, 2026
CBL receives results from meetings with international banks
Business

Governors of Central Bank of Libya and People’s Bank of China agree to launch direct banking transactions

April 19, 2026
Policeman killed in UNDP Tripoli office attack
Business

UNDP and the Ministry of Marine Resources sign MoU to advance Libya’s Blue Economy

April 19, 2026
English High Court appoints Receiver to manage LIA litigations against Goldman Sachs and Societe Generale
Business

LIA to revalue its assets using one of the Big Four global auditing firms

April 18, 2026
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

Top Stories

  • Egyptian security inspection team tours Benghazi’s Benina airport

    Benina airport receives Dubai Civil Aviation Authority and Flydubai – in preparation of resumption of direct flights

    0 shares
    Share 0 Tweet 0
  • Austria’s Desert Greener explores localisation of its advanced water desalination technology with Municipality of Tripoli Centre

    0 shares
    Share 0 Tweet 0
  • Libya’s Western and Eastern administrations agree a unified budget

    0 shares
    Share 0 Tweet 0
  • MedSky CEO foretells the resumption of direct Tripoli-London flights as an imperative on several levels

    0 shares
    Share 0 Tweet 0
  • Undersecretary of Defence Zoubi effuses about the forthcoming Flintlock military exercises in Sirte as a sign of progress in Libya’s unification

    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

De La Rue meets Governor of Central Bank of Libya in DC to follow up on its currency printing plan

Jumhuria bank announces its Palm Payment service

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.