Abdullah Gadurbou, head of the Administrative Control Authority, held an expanded meeting. It took place at the Authority’s headquarters. Attendees included Rashid Abu Ghaffa, the Minister of Finance in Dbeibah’s government. Masoud Suleiman, chairman of the National Oil Corporation, also attended. Mohammed Al-Dharrat, chairman of the Libyan Foreign Bank, was present. Mohammed Al-Ammari, the bank’s general manager, participated. The meeting discussed the current economic situation. It also addressed oil and fuel issues. A key focus was conflicting data on oil export revenues.
During the meeting, Gadurbou reviewed the role of the technical oversight committee. This committee was formed by the Authority. It is responsible for examining data and reports. These reports come from the National Oil Corporation. They also come from the Central Bank of Libya and the Libyan Foreign Bank. The goal is to verify oil revenues and export values. It also aims to ensure data consistency among relevant parties.
Gadurbou affirmed the committee’s commitment. It will enhance transparency and public fund disclosure. The committee will also support optimal investment of oil revenues. This serves the public interest.
The Authority head emphasized the need for strict oversight. This applies to financial and oil institutions. It also involves addressing any data discrepancies. Revenue collection mechanisms must be developed. International financial operations need acceleration.
The meeting stressed the importance of tracking final accounts. This covers the third phase of 2021 and subsequent years. This tracking is a key tool. It ensures the accuracy of financial data. It also guarantees the stability of oil revenues. It helps uncover any discrepancies in revenue figures. This applies across different entities. It controls expenditures related to the oil sector. It monitors international financial transfers.
This meeting reinforces the Administrative Control Authority’s efforts. It aims to ensure financial resource stability. It also strengthens governance. It protects public funds.