Sat. Oct 5th, 2024

The Libyan Ministry of Oil announced on Thursday that it is launching an investigation into British reports alleging corruption in the Libyan oil sector, purportedly involving local officials.

The ministry’s investigation follows a statement by David Rutley, the UK’s Foreign, Commonwealth, and Development Office (FCDO) Under-Secretary, who confirmed significant corruption within the Libyan oil sector.

Rutley added that the British Foreign Office would take measures to enhance integrity and ensure the responsible use of Libyan resources in accordance with international laws.

Additionally, Mary Trevelyan, Minister of State in the British Foreign, Commonwealth, and Development Office, highlighted the “notable corruption” in the Libyan oil sector, suggesting that this corruption impedes political progress, stability, and development in Libya.

In an official statement, the Libyan Ministry of Oil called on the British Foreign Office to provide all relevant information regarding the matter, describing the officials’ statements as “serious” due to the involvement of corruption in the oil sector, which is the main source of the country’s income.

The ministry emphasized that it is responsible for overseeing and supervising the investment of oil wealth, affirming that it is paying “great attention” to the issue and has started gathering data to understand the statements correctly and take necessary actions.

It is noteworthy that Libya suffers from corruption in all sectors and government institutions, especially in the oil sector, which faces accusations of engaging in dubious contracts, theft, and being subjected to political pressures and conflicts.

In recent years, the sector has faced significant challenges, including repeated shutdowns, widespread smuggling, and revenue manipulation.

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