Friday, August 8, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

NOC Chairman Investigated by Audit Bureau

September 17, 2020
Share on FacebookShare on Twitter

A report by Libya’s Audit Bureau shows that the Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, has been accused of irregularities.

The 2018 report of the Audit Bureau reveals a summons against Sanalla but the chairman refused to submit to the investigation. The report pointed out that the NOC did not abide by the law, according to Article 23 of the Financial System Law. The annual report showed a decrease in gas field production, as well as an inability to commit to exporting the quantities of gas specified in the export agreement.

The report indicated that there is a deficiency in the performance of the NOC’s auditing department, as its work has been limited to transaction documentary reviews.

The Audit Bureau investigated the opening of a Houston branch for the NOC, in violation of the law. “When the Audit Bureau requested reports regarding the opening of a branch in Houston, Sanalla refused to cooperate. They ignored their requests, and demands. He hasn’t provided the bureau with any documents to this day,” the report said.

Former Oil Minister Omar Al-Shikmak, resigned from Abdullah Al-Thinni’s administration. He was replaced by Sanalla, who assumed the position of Acting Libyan Oil Minister, on 20 August, 2014.

Tags: Audit BureauChairmanInvestigatedlibyanoc
Next Post

Libyan Human Rights Committee Condemns Drowning of Migrants

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Greek Navy to Maintain Presence in Libyan Sea

Security Collapse Deepens Humanitarian Crisis in Libyan Capital

Greece Rejects Libya’s Maritime Claims in Letter to UN

Greece Threatens to Extend Asylum Freeze on Migrants from Libya

Libya’s Central Bank Calls to Adopt Law to Curb Terror Financing & Protect Economy

Young Libyan Killed During Car Theft in West Libya

EDITOR PICKS

Libya’s NOC & LIA Discuss Projects to Boost State Revenues

Young Libyan Killed During Car Theft in West Libya

Libya’s Attorney General Warns of Tough Legal Action on Economic Crime

Greece Rejects Libya’s Maritime Claims in Letter to UN

Libya’s Central Bank Calls to Adopt Law to Curb Terror Financing & Protect Economy

Greece Threatens to Extend Asylum Freeze on Migrants from Libya

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR