GNC Finance committee meets Al-Bariqa Oil marketing company and Prices Balance Fund.

Tripoli, 22.03.2015 (Lana) GNC Finance committee held Sunday at GNC headquarters a meeting with Al-Bariqa Oil marketing company and Prices Balance Fund. The committee discussed prospects of changing the bylaws of Al-Bariqa Oil Marketing Company and impact of dwindling oil prices on state budget. The meeting also studied total and detailed cost of oil derivatives and ways to curb its smuggling and over consumption. The GNC committee also held a meeting with Prices Balance Fund and reviewed recommendations of previous meetings and necessary measures to implement such recommendations. The committee also reviewed recommendations made by the fund regarding food supplies and prospect of replacing food subsidies with cash subsidies. They also discussed establishing a body to import cereals according to world prices and specifications. =Lana=