The Government of National Unity (GNU) has officially adopted emergency financial arrangements worth 37 billion 640 million and 145 thousand dinars for the National Oil Corporation (NOC) for 2022. Outlining the terms of the arrangement, Minister of State for Cabinet Affairs Adel Jumaa started by confirming that the committee formed by PM Dbeibah has concluded by adopting emergency financial arrangements for the NOC. The distribution of the sum goes as follows: Expenses of (Chapter One), three billion and five million and 349 thousand dinars, operating expenses (Chapter Two), seven billion and 915 million and 839 thousand dinars, expenditures of the development plan: 16 billion and 915 million and 707 thousand dinars, and previous commitments, six billion 435 million and 604 thousand dinars. The decision obliges the NOC and its subsidiaries to provide the Ministry of Finance with periodic reports on its expenditures, collected revenues, royalties, and taxes. The committee consists of the ministries of finance, planning, the national service, the Central Bank of Libya, the Audit Bureau, the National Oil Corporation, and all its affiliated companies and institutions.

Source: Libya Observer April 14, 2022 16:30 UTC