Oil expert Masoud Shriha spoke to our source, questioning: “Is the swap prohibited by Libyan or international law? No, there is no international or Libyan law that prohibits the use of the swap mechanism. More than 90 countries worldwide use it.”
He added: “Are there standards to regulate the swap? Yes, there is a regulatory mechanism for swaps according to international classification, which is lacking in the institution’s swap operations. Is there misuse of the swap according to international standards? Yes, there are significant deviations in the use of the swap, based on the data we all see, and its costs are very high.”
He also stated: “Is there a solution for better management of the swap? Yes, there is a solution to address all fuel-related issues as a single portfolio. We tried to communicate with everyone present at the meeting, including the Prime Minister, Mr. Abdulhamid al-Dbeibeh. However, I was refused an audience because I am the responsible party for the lawsuit regarding the citizenship issue against Mr. Farhat, and my salary has been stopped again. This is also due to my articles regarding the company Litasco, which is supplying adulterated gasoline, as reported by Mr. Imad Ben Rajab.”
He continued: “What do you expect regarding the future of halting the swap? Will it curb the waste of public funds and resolve the bottlenecks? The future events are connected to the butterfly theory, meaning solving one issue will open the door to others. I believe that smuggling will never stop, though I hope I am wrong. All these brief statements require deep analysis, and it’s ready. The issue needs to be handled as a unified portfolio and cannot be fragmented.”
