Libya

Libya Denies Allegations Report and Reaffirms Commitment to Transparency


Published: Monday March 24, 2025
By: Oilfield Africa Review
CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 80

The National Oil Corporation (NOC) has followed the report published by Africa Intelligence, which includes claims attributed to the United Nations Security Council Sanctions Committee. These claims allege the involvement of influential figures in Libya, including senior officials, in networks of oil smuggling and money laundering. The NOC, reaffirming its dedication to transparency, firmly refutes these allegations and clarifies the following:

First: Inaccuracy of the circulated report

The NOC emphasizes that the circulated report did not originate from the UN Security Council Sanctions Committee, and the information it contains is neither accurate nor verified by any official source. The NOC expresses its astonishment at the dissemination of such claims without proper verification of their credibility.

Second: Combating oil smuggling and the NOC’s commitment to transparency

The NOC works in coordination with relevant local and international bodies to combat oil smuggling and supports any international efforts aimed at reducing this phenomenon, which harms the national economy. The NOC highlights that anti-smuggling efforts fall under the jurisdiction of security agencies. Additionally, all sales and exports are conducted in accordance with the established legal frameworks, with all agreements approved by the relevant authorities and subject to strict oversight by both Libyan and international entities.

Third: A call for accuracy and the avoidance of spreading misleading information

The NOC calls on media outlets to exercise accuracy when reporting information and to rely on official sources to avoid publishing unverified reports that could mislead public opinion and negatively impact the stability of Libya’s oil sector.

Fourth: The NOC’s commitment to communication and transparency

The NOC reaffirms its readiness to cooperate with all local and international entities to ensure transparency in managing the oil sector and will continue its efforts to protect this national resource from any illegal exploitation.

Sponsored Partners

Discover our premium partners and explore their innovative solutions in the industry
Gas & Power
Nigeria Begins ₦185bn Gas Legacy Debt Repayment
Friday December 5, 2025
Namibia
Namibia Aims for First Oil at Kavango West 1X Onshore Well
Friday December 5, 2025
Acquisition And Merger
Shell, Equinor Merge to Adura, the UK’s Largest North Sea Producer
Monday December 1, 2025

Sponsored Partners

Discover our premium partners and explore their innovative solutions in the industry

Conferences & Exhibitions
Practical Nigerian Content (PNC) 2025 Forum Returns to NCDMB Content Tower, Yenagoa
Friday November 28, 2025
Gas & Power
TotalEnergies Demobilizes Its Floating LNG Terminal in Le Havre
Wednesday November 26, 2025
Uganda
Uganda Discovers New Oil Deposits of over 600 million Barrels
Wednesday November 26, 2025
Acquisition And Merger
ADES Envelops Shelf Drilling in a Complete Merger Deal
Wednesday November 26, 2025
Acquisition And Merger
Shelf Drilling, ADES Set Key Dates for Completion of Merger
Wednesday November 19, 2025
Hydrogen
Shell Secures Power Deals for Renewable Hydrogen Electrolyser
Wednesday November 19, 2025