The National Oil Corporation confirmed in a statement today, Wednesday, in response to a circular by the Finance Ministry in the National Unity Government that the allocations for fuel subsidies for the first four months of this year have not been transferred from the Central Bank of Libya to the Corporation’s accounts in the foreign bank in hard currency to pay the value of importing fuels. It pointed out that what the Ministry of Finance has published is not considered true.
The National Oil Corporation was surrounded by the crisis of not being able to secure fuels in Libyan dinars, in addition to the fact that the crude oil exports have decreased, making it impossible to exchange all needs for available crude oil on time with major consumers in the local market.
The National Oil Corporation stated that, with Brega Petroleum Marketing Company, are continuing to carry out their responsibilities according to the available capabilities. The body causing this crisis must bear all the responsibilities and repercussions that may lead us to the stage of stopping supplies to vital facilities.