The Attorney General’s Office reported yesterday that the Attorney General, Sideeg Al-Sour, met with the head of the Audit Bureau, Khaled Shakshak, the Governor of the Central Bank of Libya, Naji Issa and the Chairman of the National Oil Corporation,
The meeting, the Attorney General’s Office reported, dealt with the results of judicial measures aimed at repelling groups organised in smuggling activity, the cost of imported fuel and its proportion to local needs, and the compatibility of the crude oil barter method with the rules of public money management.
The attendees, Attorney General’s Office further revealed, discussed the proposal to address the causes leading to the growth of fuel smuggling in order to contribute to reforming budget distortions in cooperation with the executive and legislative authorities.
Foreign fuel smuggling masterminds convicted
On a related note, it will be noted that it was only on 19 November that the Attorney General’s Office reported that the masterminds of the smuggling of 1.185 million litres of diesel fuel were convicted by the Criminal Court in its last session.
It reported that the court imposed a sentence of fifteen years in prison against the leader of the smugglers and sentenced the rest to imprisonment for fourteen years. They were also fined LD 20,000, obligated to return LD 24,055, 695 million and ordered the confiscation of their ship used for smuggling.
Ten expatriates convicted for smuggling 1.185 million litres of fuel off the coast of Zuwara
Attorney General bans 15 petrol stations for fuel smuggling abroad (libyaherald.com)
Libya’s fuel smuggling: a new Swiss connection is revealed (libyaherald.com)
Alternatives to fuel subsidies with cash payments delivered to Aldabaiba (libyaherald.com)
Libya evaluating subsidies for renewable energies – within existing fuel subsidies (libyaherald.com)
Libya’s annual fuel bill rose to US$ 12 bn due to increased electricity production (libyaherald.com)