The government of Prime Minister-designate Fathi Bashagha has accused the National Oil Corporation (NOC) of political interference following the latter’s decision to transfer at least six billion U.S. dollars to the his rival government, led by Abdul Hamid Dbeibeh. The announcement came one day after Dbeibeh unveiled a plan to develop the oil and gas sector. The Bashagha-affiliated ministry said it holds NOC accountable for any repercussions of this decision. It went to on to say that the state-owned oil company “should have distanced itself from political conflicts or making gains for any political party”. However, following the formation of a unity government led by Dbeibeh in March 2021, the NOC announced an end to this arrangement.

Source: Libya Today April 16, 2022 11:12 UTC