The National Oil Corporation (NOC) has denied reports of entering a debt settlement with Swiss company Litasco without the approval of the Audit Bureau.
In a statement, the NOC clarified that the settlement followed full review and approval by the bureau and the Legal Affairs Administration. It emphasized that the agreement prevented significant financial losses and protected overseas assets from potential seizure.
The NOC reiterated its right to pursue legal action against Litasco if ongoing investigations confirm the delivery of non-compliant fuel shipments.
The corporation urged media and social media users to verify information before publication, warning of legal consequences for spreading false claims.
Economy