The General Oil Syndicate issued a statement Monday following the Attorney General's announcement of serious financial and administrative violations within Waha Oil Company, and it called for a comprehensive and transparent investigation into all of the company’s contracts, demanding to be involved in the committees reviewing these contracts and expenditures.
In a statement posted on its Facebook page, the Syndicate reaffirmed its firm stance on protecting public funds and ensuring the integrity of the oil sector’s management, emphasizing its vital role as the main source of the national economy.
Regarding the detention of Waha Oil Company’s Management Committee Chairman, the Syndicate strongly condemned corruption and abuse of power within oil institutions. It called for the harshest legal penalties against those proven to have harmed the sector. It also urged for a full and transparent investigation into all contracts signed by Waha Oil Company in recent years and the recovery of any funds that were unlawfully spent.
The statement expressed support for regulatory and judicial authorities in their efforts to hold corrupt individuals accountable and maintain sector stability. However, the Syndicate rejected any disruptions to oil production as a result of these violations, asserting that workers in the sector should not become victims of mismanagement and corruption.
The Syndicate further demanded a review of contracting policies in oil companies to ensure transparency in financial dealings. It also called for strengthening the role of the Audit Bureau and regulatory bodies to prevent future violations, while insisting on the Syndicate's participation in contract and expenditure review committees to protect the rights of workers and the sector as a whole.
Earlier on Monday, the Attorney General's Office ordered the detention of Waha Oil Company’s Management Committee Chairman on charges of illegally securing financial benefits for himself and others. The allegations involve contracts for projects at Es Sider port and the Dhahra oil field, oil well drilling operations, altering contract prices for drilling services, and renting residential buildings for employees responsible for monitoring the company. These violations reportedly amount to millions of dollars.
