The Prime Minister-designate of the Libyan government, appointed by the House of Representatives, Fathi Bashagha, revealed today, Sunday, that “those who closed the oil fields looked at their miserable conditions, including power outage, poor education and deteriorating services, in addition to the billions spent and wasted on militias, corruption and fictitious companies, adding that they felt that the money they are making is wasted and that the government was not honest in spending, so they reacted by closing the oil fields partially and not completely.
Bashagha added, in televised statements, that the oil fields and ports will be restarted, when the people who closed them, see that the budget is spent correctly and the government has begun development measures, rationalization of spending, and improvement of living.
The Libyan Prime Minister-designate said: “We contacted the head of the National Oil Corporation, Mustafa Sanalla, and we were informed about part of the new mechanism for distributing revenues and increasing production. We agreed with the House of Representatives to submit a budget for the Corporation estimated at 34 billion dinars over 3 years, upon reviewing the entire plan of the Corporation.”
He explained that “the government had received offers from international oil companies to invest more than one billion dollars, noting that the National Oil Corporation needs huge sums, and we have allocated funds from Chapters One and Two to restore the dilapidated infrastructure and increase production.”