Libyan Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi] (pictured) has admitted that Libya has had to resort to "traditional methods of measuring exports", as the meters normally used to measure oil exports were destroyed during the revolution.
But according to a report from Libya Herald, he pointed out that ships loading oil also have meters and that between using the traditional methods and the ship’s meter, an accurate measure could be obtained.
He conceded that there is a difference in quantity between the two, but that this difference is acceptable and within internationally accepted norms.
He also said that he was taking court action against a GNC member who had accused him of under-reporting Libya’s oil exports, and was also suing the TV station that had broadcast the accusation.
The Oil Minister stressed that his Ministry had no access to oil revenue and that as soon as the oil revenue is received it is automatically transferred to the Ministry of Finance.
(Source: Libya Herald)
