The Attorney General’s Office announced yesterday that it has received the initial findings of the investigation into the mismanagement of public funds by the National Oil Corporation (NOC) allocated for fuel imports, confirming that legal proceedings have been initiated against those responsible for the disruptions that had accompanied this matter (the fuel barter purchasing system and the sub-standard fuel imports debacle of 2022).
The Public Prosecutor’s Office explained that the investigations revealed the use of inappropriate contracting methods, including crude oil barter and the conclusion of spot supply contracts that do not serve the public interest and do not adhere to financial oversight regulations. This resulted in the procurement of fuel from non-manufacturing companies and the payment of exorbitant additional sums for fuel that does not meet Libyan standards.
The Public Prosecutor’s Office contacted the National Oil Corporation (NOC) to take corrective measures, including adopting public tenders to enhance transparency and concluding time-bound supply contracts during 2026. The NOC responded and began implementing these measures.
The tender results showed a decrease in commissions from approximately US$ 80 per metric ton to US$ 1 for diesel and less than US$ 1 for petrol, which will contribute to reducing import costs and saving Libya tens of billions of dinars.
The Attorney General’s Office confirmed that it had questioned the head of the fuel supply contracts committee at the NOC, but did not disclose the conviction of any of the officials responsible for these procedures that caused the waste of public funds.
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Aldabaiba government holds meeting to discuss bartered fuel imports in transparent process
