Libya Business News
Wednesday, March 22, 2023
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
No Result
View All Result
Libya Business News
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
Libya Business News
No Result
View All Result
Home Industry & Trade

Libya's NTC sets up committee to probe oil graft

4th December 2011
in Industry & Trade, Oil & Gas
Libya's NTC sets up committee to probe oil graft
Share on FacebookShare on Twitter

Libya's National Transitional Council has set up a committee to investigate corruption in the oil sector during the rule of Muammar Gaddafi, a member of the committee told Reuters on Sunday.

A wide-reaching probe of oil deals could lead to a re-allocation of lucrative contracts awarded to foreign oil majors under Gaddafi, disrupting the companies' plans to resume operations now Libya's civil war is over.

The NTC has been under pressure from political forces inside the country to look into allegations that millions of dollars were misappropriating from the oil sector by Gaddafi-era officials.

"This committee will study the old files of the oil sector and we are looking for corruption in the sector in the past," Salem Gannan, told Reuters.

The committee will function outside the structures of the oil ministry and the NOC state oil firm, reporting directly to the NTC, the interim leadership running the country since Gaddafi was ousted.

Its members include Gaddafi opponents who had been in exile abroad until February's revolution, and Libyan oil sector veterans.

Libya is home to Africa's largest proven oil reserves. The foreign majors operating in Libya before the conflict broke out include BP, Eni, Marathon Oil, Royal Dutch Shell and Total.

(Source: Ahram Online, Reuters)

Tags: BPEniMarathon OilNOCNTCShellTotal

Latest News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021
Latest Oil Tenders

Latest Oil Tenders

16th March 2021

Recent News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021

Categories

  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos

Menu

  • Home
  • About Us
  • Contact

Join our mailing list!

Sign-up to receive email updates on the latest news and developments.





© 2021 Libya Business News - Your Libyan business news partner

No Result
View All Result
  • Security
  • Oil & Gas
  • Banking & Finance
  • Politics
  • Industry & Trade
  • Construction & Engineering
  • Investment
  • Tenders
  • Transportation
  • Videos
  • Contact Us

© 2021 Libya Business News - Your Libyan business news partner

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I Agree”, you consent to the use of ALL the cookies.