\u00a0 Speaking in a televised interview with\u00a0WTV\u00a0channel and Tabadul Platform late on Tuesday,\u00a0 the Libyan businessman specializing in Raw\u00a0Materials Sources\u00a0of the Iron\u00a0and Steel\u00a0Industry, Ahmed Bayt Al-Mal, has called upon\u00a0the Audit Bureau,\u00a0oversight bodies, and Fathi Bashagha to review a\u00a0complex file related to a contract held for 5 years, signed between the Libyan Iron\u00a0and\u00a0Steel Company (LISCO)\u200e and\u00a0a Pakistani\u00a0 Company.<\/p>\n\n\n\n
While indicating that the company obtained 300 million as support from the State, Bayt Al-Mal called for introducing transparent bidding procedures within the company.<\/p>\n\n\n\n
\u064eAccording to the businessman, the Libyan Iron and Steel Company (LISCO) that was officially laid in 1979, had cost the state treasury a very high amount. For instance, the company had cost the state treasury about one billion three hundred million dinars.<\/p>\n\n\n\n
He also asserted that it is one of the best integrated factories in North Africa and the largest in Libya. It is a group of factories, including steel mills, assistance units, turbines, desalination plants, power station and a port that can receive the largest ships or giant tankers carrying 150,000 tons.<\/p>\n\n\n\n
As far as the pollution caused by iron and steel factories is concerned, the businessman confirmed this fact, pointing out that the factory employs about 6000 employees, which he considered a very exaggerated number.<\/p>\n\n\n\n
“In case the state removes fuel subsidies, the company would go broke within 6 months considering that it consumes electricity, oil products and gas.” Bayt Al-Mal said, while criticizing the lack of transparency in disclosing the figures related to the company’s profits.<\/p>\n\n\n\n
Bayt Al-Mal also revealed the import of 2 million tons of raw materials, although it was programmed to extract the raw materials from the shore.<\/p>\n\n\n\n
He also announced the production of 2 million tons of molded iron and 1.5 million tons of steel.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a0 Speaking in a televised interview with\u00a0WTV\u00a0channel and Tabadul Platform late on Tuesday,\u00a0 the Libyan businessman specializing in Raw\u00a0Materials Sources\u00a0of the Iron\u00a0and Steel\u00a0Industry, Ahmed Bayt Al-Mal, has called upon\u00a0the Audit Bureau,\u00a0oversight bodies, and Fathi Bashagha to review a\u00a0complex file related to a contract held for 5 years, signed between the Libyan Iron\u00a0and\u00a0Steel Company (LISCO)\u200e and\u00a0a […]<\/p>\n","protected":false},"author":1,"featured_media":37029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[10803],"class_list":["post-32781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-libyalibyan-iron-and-steel-companystate-support"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/32781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=32781"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/32781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/37029"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=32781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=32781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=32781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}