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The Minister of Oil reveals to our source the developments in the disbursement of the oil sector budget and the 67% increase

The Minister of Oil and Gas, Mohamed Aoun, revealed in an exclusive statement to our source the meeting of the Council of Ministers today to arrange the budget disbursement process for the National Oil Corporation for this year.

He continued by saying: “The 67% increase is supposed to be currently calculated from the 1st January, 2022, stressing that he did not know the date of its disbursement.”

Aoun stressed that the closure of ports and oil fields would cause a disruption in the electricity, and currently it is the cause of the gas outage on power plants.

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