Exclusive: Despite Audit Bureau Reports Proving Involvement in Supplying Contaminated Gasoline, the National Oil Corporation Accepts Settlement with the Accused Company, with Approval from Shakshak

On December 22, 2024, ur source obtained reports from the Audit Bureau, which were forwarded to the Public Prosecution, regarding the contaminated gasoline supply by Litasco company to Libya, which led to numerous vehicle malfunctions.

The National Oil Corporation had reached a settlement with the aforementioned company, with approval granted by the head of the Audit Bureau, Khaled Shakshak, under the following conditions:

• Approval of the settlement by the Legal Affairs Department, including a legal opinion from the law office on the corporation’s position in this case.
• Confirmation from the General Department of International Marketing regarding the financial value owed to the company for late penalties on the shipments delivered.
• The settlement record affirms that the Libyan state retains the right to resort to legal action if evidence emerges proving the company’s involvement in supplying fuel shipments that do not meet agreed-upon specifications.
• Payment to be made from the fuel supply account at the Libyan Foreign Bank.

The National Oil Corporation stated on its Facebook page that this settlement helped avoid significant financial losses, which would have been legally binding and could have endangered some of its foreign assets to seizure. The corporation also emphasized that it still retains the right to file a lawsuit against the company if investigations by the Audit Bureau reveal that the company supplied fuel shipments that did not meet the agreed specifications.

This ongoing case has sparked widespread debate, with many questioning why the company is being compensated instead of compensating the affected citizens.