Lana News
Libyan News Agency
Latest News
LANA Libya Participates in Regional Meeting on Enhancing Business Integrity and Public-Private Partnership in the Middle East and North Africa
LANA Audit Bureau discusses the situation of the Libyan community in Egypt
LANA Libyan-Kuwaiti talks on the possibility of holding cultural weeks in both countries
LANA The Libyan Investment Authority welcomes Security Council decision to allow it to invest frozen assets
LANA Libya and the United States sign a work program to protect cultural heritage and combat antiquities smuggling
LANA NOC Chairman Farhat Bengdara resigns, PM agrees to resignation
LANA Advisory team discusses activating the financial leasing initiative launched by the Ministry of Labor and Rehabilitation
LANA Al-Baour discusses with Berndt the latest political developments in Libya
LANA Jumaa and Al-Zoubi meet with Brent.
LANA Al-Mnifi meets the Executive Secretary of (CISA).

Shakshak and Bin Qadara discuss the measures taken regarding the cases brought about the Ras Lanouf refinery and the issue of the Libyan-Emirati company's investment.

Pulbished on:

Tripoli, September 13, 2022 (LANA) - The meeting of the head of the Audit Bureau, "Khaled Shakshak" today, Monday, with the Chairman of the Board of Directors of the National Oil Corporation, "Farhat bin Qadara" and the directors of the relevant departments focused on the difficulties and problems that the oil sector suffers from, including the growing rate of the corporation's obligations to companies. Affiliate and contracted with it and its impact on the continuation of work in light of the failure of the financial flows necessary to cover them despite the provision of allocations by the government, and the examination of appropriate mechanisms and measures to review and verify their integrity.

 The meeting, which was held at the Audit Bureau in Tripoli, touched upon the possibility of implementing the previous recommendations of the Bureau by setting a governance guide for the work of the institution, strengthening the internal control systems for the sector, adopting transparency and disclosure programs on all programmes, operations and contracts concluded by the institution with others, and setting controls to ensure their implementation in a manner that ensures the integrity of procedures and ensures the institution achieve its objectives. and increase production rates.

 According to what was published by the Audit Bureau on its official page, the meeting discussed in particular the measures taken regarding the cases brought about the Ras Al-Anouf refinery, the subject of the Libyan-Emirati company's investment.

The publication indicated that the meeting agreed on the Libyan-Emirati company to recommend the formation of a committee by the government, with the membership of the concerned parties, to study and resolve the issue.

  It was also agreed - according to the same source - to implement a package of mechanisms and measures, starting with the formation of committees from both sides to evaluate some files and find appropriate solutions to them, and to work at an accelerated pace to address the debt file and follow it closely to ensure that companies do not stumble and their businesses continue.

    (LANA)