The American Bloomberg agency reported today, Wednesday, that Libya has accumulated debts amounting to about one billion dollars to its fuel suppliers after the country ended its oil swap program about three months ago, according to people familiar with the matter.
Bloomberg continued, saying that the dues owed to the National Oil Corporation are likely to double by the end of the year if it does not start settling them, according to two people familiar with the situation who requested anonymity because the information is private.
The agency confirmed that the corporation’s inability to pay threatens the availability of products such as gasoline in a country suffering from political unrest.
