The U.S. Embassy in Libya has announced that it “fully supports the temporary freezing of oil revenues in the National Oil Corporation account at the Libyan Foreign Bank until there is agreement on a revenue management mechanism.”
Browsing: Libyan Foreign Bank
An official statement issued by the Libyan Parliament Speaker Aqila Saleh confirmed Saturday the freezing of oil revenues at the Libyan Foreign Bank until “the establishment of guarantees and a mechanism for all Libyans to benefit from this income, in a manner that achieves justice and equality for all.”
Mustafa Sanalla, chairman of the National Oil Corporation (NOC), held talks last Thursday with Khaled Al-Konsel, general manager of the Libyan Foreign Bank, to review joint cooperation between the two state-owned institutions, according to a statement by the NOC.
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