Audit Bureau Engages with National Oil Corporation and Maritime Transport Company on Debt Settlement and Supply Operations

Tripoli: The Head of the Audit Bureau recently engaged in a crucial meeting with the Chairman of the Board of Directors of the National Oil Corporation (NOC) and the General Manager of the National Maritime Transport Company. The focus of the discussion was on settling outstanding debts to the NOC and regulating the transportation of petroleum products and fuel supplies, aiming to enhance operational efficiency and ensure a consistent supply. According to Libyan News Agency, the Audit Bureau's official page reported on Monday evening that the meeting addressed debts related to tanker rentals, culminating in an agreement to reconcile financial obligations. A repayment schedule was established within a specific timeframe, adhering to relevant legal and administrative procedures. The discussions also emphasized coordination mechanisms between the NOC and the National Maritime Transport Company concerning fuel supplies and the domestic transportation of petroleum products. Standardizing procedures and defining responsibilities were prioritized to ensure integrated roles and improve operational efficiency. The participants underscored the importance of strengthening direct coordination between the relevant entities and adhering to applicable legislation and regulations. This collaborative approach aims to regulate transportation and supply operations, thereby supporting a consistent supply. This meeting is part of the Audit Bureau's ongoing efforts to monitor financial and operational aspects within the oil sector, aiming to enhance resource management efficiency and protect public funds.