Libya’s Office of the Attorney General has confirmed the initiation of public legal proceedings following preliminary findings into the mismanagement of public funds allocated for fuel imports. The investigation uncovered irregular contracting practices, including crude oil barter deals and spot supply contracts that undermined the public interest and breached financial oversight standards.
According to the findings, these practices led to fuel imports from non-manufacturing companies and the payment of excessive premiums for products that failed to meet Libyan standard specifications. In response, the National Oil Corporation (NOC) was formally instructed to adopt corrective measures, notably the use of public tenders to improve transparency and the conclusion of time-based supply contracts during 2026. The Attorney General’s Office said the NOC has acknowledged the directive and begun implementation.
Tender outcomes have already delivered material savings, with premiums reduced from about $80 per metric ton to $1 for diesel and less than $1 for gasoline, a shift expected to cut import costs significantly and save billions of dinars. The Office also confirmed that the head of the Fuel Supply Contracts Committee at the NOC has been questioned, though it has not disclosed whether any officials have been convicted in connection with the waste of public funds.
