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Author: LS

Aoun demands the National Oil Corporation to reveal how the provided budgets were spent and on what items

The Ministry of Oil and Gas said today, Wednesday, in a statement that justifying all problems and challenges of the National Oil Corporation because the budget is needless because the volume of the expenditures in the past years was huge.

The Ministry of Oil added that the technical problems the sector has faced since 2011 lack accuracy and fairness. With a simple review of the sector’s budgets, especially the budget required for 2022, it was found that the obligations of previous years were very large sums of up to 4 billion dinars, which means that this amount had been spent and the institution management did not clarify where it was spent

It also indicated that she had repeatedly demanded that the Corporation provide a clear vision for the operations of detection and maintenance on surface equipment, as well as the management of reservoirs, but unfortunately the Ministry did not receive any response or proposal in this regard, noting that those in charge of the company and the Corporation should explain in numbers to the Libyan people the budgets that were spent and on what items.

Sanalla won’t attend today’s meeting in Sirte

The Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla sent a letter to the Speaker of Parliament, where he expressed his apology for not participating in today’s meeting because it coincided with other scheduled and confirmed dates with the Corporation’s partners in Spain and Germany, and assigning a number of oil company officials to attend the meeting.

Bashagha: “We seek to enhance the purchasing power of the Libyan dinar by adjusting the exchange rate by the Directors Board of the Central Bank of Libya”

The Libyan Prime Minister Fathi Bashagha said today, Tuesday, that his government has sought with all its might to work on presenting a proposal for the state’s general budget, taking into account the rationalization of spending.

Bashagha added that his government will create new jobs for young people to reduce unemployment rates and encourage them to work, produce, and create a competitive environment that will keep us away from the climate of war, conflict, strife and strife.

He indicated that we seek to achieve the highest rates of economic growth and financial stability in a way that raises the standard of living of the citizen by strengthening the purchasing power of the Libyan dinar, by adjusting the exchange rate by the Board of Directors of the Central Bank of Libya according to its jurisdiction.

Bashagha stressed that the financial and supervisory institutions affiliated with the Libyan House of Representatives must complete their legal formation in accordance with the law. For example, among the requirements for implementing the general budget is the cooperation of the Central Bank of Libya through its board of directors and headed by the Governor of the Central Bank of Libya, in order to achieve the highest levels of cooperation and integration between the executive, the financial and supervisory authorities.

The Cabinet Office includes the National Oil Corporation, the Central Bank and the Audit Bureau to follow up on the extraordinary budget arrangement of the National Oil Corporation

A meeting of the Extraordinary Budget Follow-up Committee of the National Oil Corporation was held this morning at the Cabinet Office, in the presence of the Audit Bureau, the Central Bank of Libya and the National Oil Corporation.

It was devoted to following up the implementation of the settlement of the status of employees of the National Oil Corporation and its subsidiaries, which requires conformity with the Ministry of Finance and the preparation of the necessary data for the disbursement of allocations.

Meanwhile, the Director of the Financial Department of the National Oil Corporation stated that the Corporation completed the processing of these data during the past week, and coordination is continuing with the Ministry of Finance.

The meeting also dealt with following up on the implementation of the remaining sections of the exceptional budget approved by the Cabinet’s decision and working on some technical and legal procedures in order to issue financial authorizations.

The National Unity Government issues a decision regarding setting the price of jet fuel

The Cabinet of the National Unity Government, headed by Abdul Hamid Dbeibeh, issued decision No. 460 of 2022 regarding setting the price of jet fuel.

The decision stipulated that the sale price of jet fuel from the Brega Oil Marketing Company to all local airlines would be set at a price of 1,300 dinars as a maximum per ton, 25% of its cost.

The Ministry of Transportation is also responsible for reviewing travel ticket prices set by all national airlines.

Libya is one of the countries most affected by the spread of terrorism and armed opposition groups from neighboring countries on its territory, not to mention mercenaries

The capital of Equatorial Guinea, Malabo, hosted last Saturday an extraordinary summit on terrorism and unconstitutional changes in Africa, in which about 20 heads of state and government participated.

There were some of the heads of state and government who spoke at this summit resorted once again to what was described as the “escaping forward policy” when they resorted the growing phenomenon of terrorism in this region to the Libyan crisis and the state of instability and insecurity that Libya has experienced since 2011.

Commenting on the African (Malabo) Summit, these justifications are flimsy and illogical, and can indeed be considered as a “flight forward” and inability at the level of the leaders of the countries and governments concerned in facing the real problems and complex crises experienced by their countries, whether on the security, economic, social or political level.

The phenomenon of terrorism, the spread of organized crime, cross-border crime, human smuggling, weapons and drug crimes, human trafficking and illegal immigration, in this particular region, date back to several decades before the Libyan crisis, noting that the instability in Libya may have exacerbated these crimes, but it is by no means a major factor in them, especially if we consider that the aggravation of the security crisis afflicting the region, especially Libya, is due in large part to the laxity of African countries in carrying out their duties and their inability to control their border areas with Libya, which has become a hotbed Armed groups, criminal gangs, and international smuggling networks for migrants and wealth.

Libya is one of the countries that are most affected by the spread of terrorism and of armed opposition groups from neighboring countries on its territory, not to mention mercenaries, noting in this regard that Libya does not talk about hundreds of thousands of citizens of neighboring countries, including Chad and Niger, who crossed the Libyan borders by illegal means. Some of them are from several years ago, and today they live and work in many Libyan cities, in the south, east and north, and transfer their money to their families.

It is important to call the African leaders to stay away from exporting their problems abroad and to search for how to find real solutions to the chronic problems that their people suffer from.

In this regard, they must put in place serious policies to achieve development, and this can only be achieved by declaring a war on corruption, achieving social justice, stopping the policies of marginalizing remote areas and opponents, spreading a culture of peaceful transfer of power, strengthening the independence of judicial institutions and ensuring freedom of expression and opinion.

The weakness of government institutions in some countries, including Libya, made armed groups impose themselves, in addition to marginalizing remote areas, politically, economically and socially, which undoubtedly led to a growing sense of mistrust and frustration, creating fertile areas for extremism and for recruiting fighters among the youth seeking to get out of the maze of loss.

African officials have to put an end to the policies of plundering the resources of the African continent and adopting policies that suit the African reality and manufacturing African raw materials to create millions of jobs for African youth torn between death in the desert or the sea or falling into the clutches of organizations terrorist and extremist.

Adapted from Libyan News Agency

Buraq Air to our source: “We are waiting for the price of the Brega Petroleum Marketing Company on the price of jet fuel until we see whether we reduce ticket prices or not”

An official at Buraq Air confirmed today, Monday, in an exclusive statement to our source that Buraq Air is awaiting the pricing of the Buraq Petroleum Marketing Company regarding the prices of jet fuel.

The official at Buraq Air added that the company will see a reduction in the price of tickets after the fuel price that will be issued from Brega Company, through which the company will reduce the price of tickets or not.

Despite the issuance of a decision to reduce the price of jet fuel, Libyan Airlines stated to our source: “For these reasons, the price of travel tickets will not be reduced”

The Director of the Information Office of the Libyan Airlines Company Saber Al-Tir confirmed today, Monday, in an exclusive statement to our source, that the Libyan Airlines Company had held a meeting during the past period to demand a reduction in the price of jet fuel, which would have risen to what it is in the local market, while 8 airways companies signed on this claim and it was transferred to the Ministry of Transportation, and then it was transferred to the Prime Ministry by the Ministry of Transportation for approval.

Al-Tir added that the Libyan Airlines Company will not adjust the prices of its tickets, because the Libyan Airlines had previously initiated a demand to reduce the price of fuel so that the price of tickets would not rise, in the context of alleviating citizens and preventing them from increasing the fuel tax in the price of tickets.

Al-Maryami for our source: “The meeting that Aqila Saleh called the sovereign institutions to, will discuss tomorrow the budget submitted by Bashagha government, the work of the Central Bank, and other several topics”

Today, Monday, the media advisor to the Speaker of Parliament, Fathi Al-Maryami, revealed to our source that the Speaker of Parliament, Aqila Saleh, arrived in the city of Sirte to chair the meeting scheduled for tomorrow, in the presence of a number of sovereign and oversight institutions.

Al-Maryami added that this meeting will discuss the draft budget submitted by the government of Bashagha to the House of Representatives, in addition to a number of issues related to oil sector, the work of the Central Bank of Libya, the work of administrative control and the Audit Bureau, and achieving consensus between the sovereign institutions and the House of Representatives.

It is noteworthy that this meeting will include the Prime Minister Fathi Bashagha, the Minister of Finance in the government, the Finance Committee of the House of Representatives, the Central Bank of Libya Administration Committee, the National Oil Corporation Administration Committee, the Audit Bureau, the Administrative Control Authority and the Anti-Corruption Authority.