No Result
View All Result
Sunday, March 29, 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

NOC celebrates return of Schlumberger Libya’s (SLB) in-country operations as an independent operating entity (LIG) – as they were before 2011

First-ever Libya use of SLB’s AI technology opens new horizons in Horizontal Drilling for Sirte Oil Company

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

NOC celebrates return of Schlumberger Libya’s (SLB) in-country operations as an independent operating entity (LIG) – as they were before 2011
Business

NOC celebrates return of Schlumberger Libya’s (SLB) in-country operations as an independent operating entity (LIG) – as they were before 2011

March 28, 2026
NOC announces force majeure at Zawia port
Business

First-ever Libya use of SLB’s AI technology opens new horizons in Horizontal Drilling for Sirte Oil Company

March 28, 2026
Libyan – Bosnian Business Forum – to be held from 29 to 30 March in Misrata
Business

Libyan – Bosnian Business Forum – to be held from 29 to 30 March in Misrata

March 28, 2026
NOC announces force majeure at Zawia port
Business

Production rates at Ghadames Basin’s B1-NC 216A exploration well of 2,000 barrels per day exceeding expectations: NOC

March 28, 2026
NOC signs MoU with Chevron to conduct technical study of offshore block NC 146
Business

NOC signs MoU with Chevron to conduct technical study of offshore block NC 146

March 27, 2026
Transport Ministry meets Japanese company North Star interested in investing in Libya
Business

Transport Minister and PM’s Financial Advisor Shahoubi meets US Chargé d’affaires Berndt – Unified Development Programme, transport sector and unifying institutions discussed

March 27, 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

  • Libya dinar continues to gain strength against hard currencies in black-market – remaining below LD 5 per dollar over last week: Report and analysis

    CBL leaks to local media: New currency arriving – Intention to pump US$ 2.5 in market on 1 April

    0 shares
    Share 0 Tweet 0
  • Damaged and drifting Russian gas tanker under control – being tugged away to sea by Libyan efforts

    0 shares
    Share 0 Tweet 0
  • US stresses importance of fully implementing its brokered Unified Development Programme agreement and establishing a unified budget

    0 shares
    Share 0 Tweet 0
  • China cancels customs duties on Libyan imports starting from this May – banking and financial cooperation will be enhanced

    0 shares
    Share 0 Tweet 0
  • NOC Chairman holds several meetings during his participation in Houston’s CERAWeek 2026

    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

NOC celebrates return of Schlumberger Libya’s (SLB) in-country operations as an independent operating entity (LIG) – as they were before 2011

First-ever Libya use of SLB’s AI technology opens new horizons in Horizontal Drilling for Sirte Oil Company

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.