Africa Intelligence has revealed that Libya continues to contend with accumulating debts for fuel supplies, a situation that has persisted since the cessation of the exchange system last March.
The French publication clarified that the fundamental reason behind Libya’s inability to settle the cost of imported fuel is the Central Bank of Libya’s failure to reach an agreement with the committee responsible for fuel supply, a body formed by the National Oil Corporation.
Bloomberg had previously indicated in May that Libya’s fuel debts had accumulated, reaching one billion dollars before the current month of June. In the same vein, the Acting Head of the National Oil Corporation, Masoud Suleiman, affirmed during an April meeting with Abdul Hamid Dabaiba, the Head of the Government of National Unity, the halt of the fuel exchange process. However, he did not receive any foreign currency value to settle the cost of imported fuel.