The Ministry of Oil and Gas clarified today, Sunday, that the National Oil Corporation is attached to the Minister of Oil and Gas, and that the ministry has the right to supervise and control with direction, review, guidance or firm intervention if necessary according to the laws and regulations in force in the Libyan state in order to preserve the only source of income for Libyans.
It added that the National Oil Corporation is endowed with the authority to sell oil and gas since its establishment according to oil laws and not by a decision of the United Nations as some promote, noting that the goal of the Ministry of Oil is to produce oil and gas according to industrial standards and oil regulations to maintain the management of reservoirs and surface equipment and to preserve oil wealth, in addition to improving the sector’s performance to keep pace with global requirements to reduce emissions and climate change.
The ministry confirmed that the Corporation is withholding information and data from the ministry regarding the quantities that Libya produces of oil and gas.
Despite being guided several times by the prime minister, the Corporation continues being intransigent and defiant even with the head of the government, in addition to withholding ten billion and nine hundred million from the state treasury for a period of sixteen months with foreign companies, in which Libya lost tens of millions of dollars.