Close Menu
Libya Update NewsLibya Update News
  • Home
  • National
  • Region & World
    • The Maghreb
    • Middle East
  • Business
    • Oil & Gas
    • Economy
    • Analysis
  • Opinion
  • Editors’ Picks
  • Health & Lifestyle
  • Sports
Facebook X (Twitter) RSS
Trending
  • To Enhance Food Security: Minister of Agriculture Stresses Importance of Expanding Use of Clean Energy in the Country’s Agricultural Sector
  • 7 Years and 4 Months in Prison for Official Who Violated Inmates’ Rights in Tripoli
  • UN Mission’s Communication and Media Team to Hold Online Discussion Session Next Tuesday with Structured Dialogue Members
  • Dbeibah and Rashad Discuss Strengthening Libyan-Egyptian Cooperation and Supporting the Political Process in Tripoli
  • Opening of the New Sirte Court of Appeals and Commencement of Its Operations
  • Open-heart surgeries continue at Tripoli University Hospital
  • Al-Jahani: Support from the General Command Gives the U.S. Initiative Momentum and Pushes Toward Practical Solutions
  • 47 MPs Announce Support for US Initiative to Form a Subcommittee and Prepare a Roadmap
  • About Us
  • Contact Us
Facebook X (Twitter) RSS
Libya Update NewsLibya Update News
Subscribe
Monday, 22 June 2026
  • Home
  • National
  • Region & World
    • The Maghreb
    • Middle East
  • Business
    • Oil & Gas
    • Economy
    • Analysis
  • Opinion
  • Editors’ Picks
  • Health & Lifestyle
  • Sports
Libya Update NewsLibya Update News
Home » Bashagha calls for resumption of oil exports according to transparent financial mechanism

Bashagha calls for resumption of oil exports according to transparent financial mechanism

Sunday, April 24, 2022 Business 2 Mins Read
Bashagha calls for resumption of oil exports according to transparent financial mechanism

The new Libyan Prime Minister, Fathi Bashagha, called Sunday on the people of the Oil Crescent region to open the oil ports for exporting, provided that revenues are managed according to a fair and transparent mechanism among all Libyans.

During his meeting with the people of the Oil Crescent region, Bashagha affirmed the sincerity of their fears, stressing the government’s keenness not to dispose of oil revenues in violation of the law.

The Prime Minister said, “We are now working with all force and seriousness to present the draft budget to the House of Representatives; a fair, transparent and very clear budget.”

Bashagha stated that the budget will include funds allocated to support municipalities, which will contribute to eliminating centralization and facilitating the provision of services to all citizens.

He added: “We have extensive contacts with several local and international parties to set up a transparent mechanism that ensures that oil revenues are not exploited and that these revenues are kept in the accounts of the Libyan state away from political conflicts, so that we ensure that these funds are for the benefit of the Libyan people.”

It is noteworthy that the Libyan Prime Minister listened during the meeting to the problems that the region suffers from in light of the deteriorating living conditions and services.

Fathi Bashaga Libya Oil
Follow on Google News Follow on Facebook Follow on X (Twitter)
Share. Facebook Twitter Pinterest LinkedIn Email Reddit Telegram WhatsApp Copy Link
Previous ArticleLibyan authorities arrest 541 migrants in Misurata
Next Article USLBA, US ambassador discuss Libya’s current political, economic events

Keep Reading

Libyan Investment Authority Announces Growth of Financial Assets to $51.8 Billion in First Quarter of 2026

Libya benefits from rising oil prices, exports 43 million barrels in one month

Expected increase in Italy’s energy bill to €58 billion by 2026

National Oil Corporation Signs Memorandum of Understanding with PMI to Enhance Training and Implement Project Management Standards

Final Arrangements Underway for Implementation of Al-Zaafran Palace and Equestrian Track Projects in Sirte

Queues Decrease in the South Amid Calls to Monitor Fuel Shipment Routes

Follow us on Twitter

The Libya Update Follow

Stay ahead of the curve with The #Libya Update - your go-to source for news and insights on Libyan politics, business, culture, and more. #LibyaNews

TheLibyaUpdate
thelibyaupdate The Libya Update @thelibyaupdate ·
21 Jun

Al-Jahani: Support from the General Command Gives the U.S. Initiative Momentum and Pushes... Toward Practical Solutions

Reply on Twitter 2068624284017127848 Retweet on Twitter 2068624284017127848 Like on Twitter 2068624284017127848 Twitter 2068624284017127848
thelibyaupdate The Libya Update @thelibyaupdate ·
20 Jun

47 MPs Announce Support for US Initiative to Form a Subcommittee and Prepare a Roadmap

Reply on Twitter 2068437395033235722 Retweet on Twitter 2068437395033235722 Like on Twitter 2068437395033235722 Twitter 2068437395033235722
thelibyaupdate The Libya Update @thelibyaupdate ·
20 Jun

Egyptian Foreign Ministry: During a quadrilateral meeting in #Cairo, Massad Boulos ...🇺🇸, Badr Abdelatty 🇪🇬, Hakan Fidan 🇹🇷, and Faisal bin Farhan 🇸🇦 affirmed the importance of supporting efforts aimed at preserving Libya's unity and respecting its sovereignty.

​Egyptian Foreign

Reply on Twitter 2068415507493978483 Retweet on Twitter 2068415507493978483 Like on Twitter 2068415507493978483 15 Twitter 2068415507493978483
libya update
Facebook X (Twitter) RSS

News

  • National News
  • The Maghreb News
  • Middle East News
  • Business News
  • Sports News

Company

  • Information
  • Ethics Policy
  • Corrections Policy
  • Fact-Checking Policy
  • GDPR Policy

Categories

  • Editors’ Picks
  • Opinion
  • Health & Lifestyle
  • Videos
  • Infographics

Subscribe to Updates

    © 2026 All copyrights reserved. The Libya Update.
    • About Us
    • Privacy Policy
    • Advertising

    Type above and press Enter to search. Press Esc to cancel.