The Follow-up Committee for the Extraordinary Oil Budget met today, Wednesday, to follow up on the results of the recommendations of the fourth meeting of the Supreme Council for Energy Affairs, with the participation of the Chairman of the Management Committee of the National Oil Corporation, Farhat Ben Gdara, and the Minister of Transportation, Mohamed Al-Shahoubi.
During the meeting, the implementation of the budget during the first half of this year was followed up according to programmes, projects, and technical and financial data. The file of the existing obligations of the institution and its subsidiaries was also discussed, according to the observations of the Audit Bureau committees and the implementation rate.
The meeting stressed the need to disclose the expenditures related to the NOC during the first half, in accordance with the recommendations of the Supreme Council for Energy Affairs.
The meeting concluded with an introduction to the National Oil Corporation’s plan for the second half of this year, and the necessary financial flows to ensure the continuation of the development and development projects approved by the plan, in order to reach higher production rates.