No Result
View All Result
Tuesday, May 12, 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

Libya’s National Oil Corporation regains full control of Ras Lanuf Refinery from Emirati LERCO JV’s Trasta Company

Mellitah Oil & Gas Bouri field US$ 1.565 billion gas exploitation project completes phase – to start utilising 125 million cf / day of natural gas by September

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

Misrata Chamber of Commerce holds meeting with companies to discuss HoR’s new tax bill
Business

Misrata Chamber of Commerce discusses with Indian Ambassador holding Libyan-Indian trade exhibition in Misrata

May 12, 2026
Benghazi Chamber participates in workshop on the blue economy
Business

Benghazi Chamber of Commerce holds meeting with Croatian delegation to discuss economic cooperation and reactivate Croatian-Libyan trade relations

May 12, 2026
Libyan Express and Italy’s 4 Airways to launch joint Libya-Europe air route ”soon”
Business

Libyan Express and Italy’s 4 Airways to launch joint Libya-Europe air route ”soon”

May 11, 2026
NOC announces force majeure at Zawia port
Business

Libya’s National Oil Corporation regains full control of Ras Lanuf Refinery from Emirati LERCO JV’s Trasta Company

May 11, 2026
Sebha airport closed for urgent runway maintenance until end of April
Business

Sebha airport reopens following completion of maintenance on main runway and aprons

May 11, 2026
The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone
Business

Misrata Free Zone discusses with international companies establishing Mud Plant within its zone

May 11, 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

  • AGOCO reactivates stalled old Nafoura well to produce 1,200 bpd

    Arabian Gulf Oil Company Chairman holds virtual meeting with BP

    0 shares
    Share 0 Tweet 0
  • Zawia clashes lead to Zawia Refinery shutdown and evacuation of Zawia Port

    0 shares
    Share 0 Tweet 0
  • Aldabaiba visits Rome today: Debts to Italy and Libyan bureaucracy are holding back increased trade

    0 shares
    Share 0 Tweet 0
  • Mellitah Oil & Gas Bouri field US$ 1.565 billion gas exploitation project completes phase – to start utilising 125 million cf / day of natural gas by September

    0 shares
    Share 0 Tweet 0
  • Zawia armed clashes ended – Zawia Refinery’s Aviation Kerosene Tank 501 ruptured

    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

Misrata Chamber of Commerce discusses with Indian Ambassador holding Libyan-Indian trade exhibition in Misrata

Benghazi Chamber of Commerce holds meeting with Croatian delegation to discuss economic cooperation and reactivate Croatian-Libyan trade relations

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.