The head of the State Audit Bureau, Khaled Shakshak, asked the Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, urgently to refer the oil revenues to the state’s sovereign account in the Libyan Foreign Bank, given the harm that this causes to the public interest and the lack of justification for withholding the revenues.

According to the correspondence sent by the head of the bureau to Sanallah, which our source obtained a copy of, Shakshak stressed that the failure of the National Oil Corporation to transfer these revenues, despite the lack of justification, will cause damage to the public interest, especially those related to basic needs of the society and the losses it will cause to the Central Bank as a result of liquidating deposits to meet the demand for foreign exchange that is required by the urgent necessity.

In his letter, the Audit Bureau stressed that the withholding of oil revenues by the head of the National Oil Corporation represents a grave violation of the legislation in force, especially Petroleum Law N° 25 of 1955 and the Law of the State’s Financial System and the Budget, Accounts and Stores Regulations, stressing the need to refer these revenues to the sovereign account urgently.