Libya’s NOC denies ‘false’ revenue reports

The National Oil Corporation (NOC) has firmly rejected media reports it described as “inaccurate” and “false” concerning oil revenues, asserting that such reports rely on unprofessional analyses and are intended to damage Libya’s reputation.

NOC Chairman Masoud Suleiman confirmed that all revenues are transferred regularly and without delay to the public treasury. He explained that March revenues were deposited on schedule, while the slight decline observed in February revenues was attributable to the shorter month (28 days).

In a statement received by Libyan Express, the NOC also emphasised the continued flow of fuel according to a distribution schedule designed to ensure equitable supply throughout Libya. The corporation noted that payment mechanisms related to these supplies are an internal matter under the jurisdiction of competent official authorities and not subject to foreign media scrutiny.

The NOC reaffirmed its full commitment to established standards for revenue management, working in coordination with the Office of the Attorney General, the government, and oversight bodies. It dismissed any contrary allegations as merely attempts to “confuse and sow confusion.”

The national oil company called on both media organisations and citizens to verify information and obtain data from official sources. Additionally, it urged the Central Bank to consider technical aspects in its financial statements to ensure the public receives a comprehensive and accurate picture of the situation.​​​​​​​​​​​​​​​​