The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, the Head of the Audit Bureau, Khalid Shakshak, and the Head of the National Oil Corporation (NOC), Farhat Bengdara, reviewed in a meeting held Wednesday at the headquarters of the CBL in Tripoli; projects to increase oil production and their financial needs.
The attendees reaffirmed their support for the efforts of the NOC and its encouraged it to raise production rates, and to establish a clear mechanism for financing the development projects presented by the NOC, in addition to presenting solutions to address the fuel supply mechanism, its payment methods, and the existing challenges.
They also agreed to raise the rates of disclosure and transparency, and to strengthen the review and auditing process carried out by the Audit Bureau as well as the relevant regulatory authorities.
The meeting reviewed the water crisis in the city of Zliten, support for the government’s efforts, and the National Oil Corporation’s contribution to addressing this crisis.
Last Sunday, Al-Kabir met with Bengdara and discussed support of the National Oil Corporation to increase production of oil and gas according to the NOC's plans, in addition to increasing coordination as regards to transparency and disclosure.
