Exclusive: Despite the Audit Bureau’s Rejection, the National Oil Corporation Agrees to Settlement with Company Accused of Supplying Contaminated Gasoline to Libya

Our exclusive sources revealed that in a new development in the case against Lukoil, filed in English courts, Libya is being asked to pay outstanding amounts totaling $42 million, including fines. These amounts are being demanded by the company for supplying contaminated gasoline, which led to the conviction of the general director of marketing in a case that has captured public attention for years.

The sources added that the company that supplied the contaminated gasoline and the National Oil Corporation have agreed to a settlement, in which the company will waive $7 million in exchange for receiving the remaining outstanding amount of $35 million. This agreement comes despite the Audit Bureau’s rejection of the settlement.

The sources raised a key question: “Is it possible for the company to waive its rights in this manner if it wasn’t involved and its position is weak before the judiciary? Has collusion by entities that dealt with the company opened the door for a settlement that has resulted in the complete loss of Libyan rights and potentially opened the door for the importation of more counterfeit goods?”