The French website Africa Intelligence reported on Tuesday that the Libyan Central Bank has been increasingly sidelined, while the National Oil Corporation has taken a leading role in managing fuel import payments.
According to the report, the NOC’s Director of Management, Masoud Suleiman, now effectively oversees foreign currency flows generated from crude oil sales. This shift follows the introduction of a broader financing mechanism granted to the NOC to cover fuel imports.
The report added that this new arrangement has significantly expanded the NOC’s financial role, particularly in handling fuel import payments, which were previously more centrally managed through the Central Bank’s traditional channels.
It concluded that this evolution reflects a structural change in Libya’s foreign currency management system, with the NOC gaining greater influence over strategic import financing decisions.
