Fuel Subsidies
NOC discusses Honeywell study on economic feasibility of developing Zawia Oil Refining Co. – potential to save on petrol subsidies and imports
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Zliten Bakers’ Union official detained for supplying 8.5 million litres of diesel allocated for local bakeries to fuel smugglers
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Fuel subsidies reached LD 60 billion, 30 percent of which is smuggled – therefore can invest just LD 5 bn in housing: CBL Governor Issa
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Aldabaiba publicly holds NOC to account over its budget spending – ‘‘the public has the right to know how money is spent’’
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Nine reforms must be taken to preserve the value of the Libyan dinar: Bank and Fintech chairman Naaman Bouri
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CBL Governor emphasises support for NOC’s agreed increased productivity plans and on transparency and disclosure
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Libya loses about US$ 12 billion annually in smuggled subsidies: Aldabaiba
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