Tripoli – The Public Prosecution announced initiating public proceedings. This involves a fuel supply case. Investigations revealed serious irregularities. These irregularities were found in public fund management. Unfair contracting methods were adopted. These included crude oil bartering. Immediate supply contracts were also used. This led to the state incurring high premiums. Fuel was supplied by non-manufacturing companies. The fuel had non-compliant specifications.
The Attorney General’s office reported disruption. This disruption stemmed from the contracting party’s methods. They relied on crude oil bartering. They also signed immediate supply contracts. These contracts did not serve the public interest. They also contradicted legal oversight requirements. Legal oversight ensures the legality of public fund disposal.
Investigation results highlighted negative impacts from these two methods. Fuel was supplied by non-manufacturing companies. Payments were made for quantities. These quantities did not meet Libyan standard specifications. High and unjustified premiums were imposed. These premiums exceeded approved reference prices.
Consequently, the Public Prosecution addressed the National Oil Corporation’s Board of Directors. They requested remedial measures. These measures included replacing the current contracting method. A more efficient mechanism was sought. Transparency was to be enhanced. This involved a public tender for fuel supply contracts. Term contracts will be concluded in 2026 based on tender results.
The Prosecution confirmed the National Oil Corporation responded. The corporation has begun implementing the recommendations. Tender results showed a significant drop in premiums. Diesel fuel premiums fell from about $80 per metric ton to just $1. Gasoline premiums dropped to less than $1. This will significantly reduce import costs. It will save tens of billions of dinars.
The Prosecution also started interrogating the head of the corporation’s fuel supply contracts committee. The accused was informed of facts. These facts included accepting transactions with egregious overpricing in premiums. She also violated legislation governing fuel supply. Investigations are ongoing. They aim to determine the responsibility of other officials. These officials are involved in managing this case.