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LIBYA

Tripoli prosecutor probes NOC payments to oil trader BGN International

Prosecutor General Siddiq al-Sour in Tripoli, 14 March 2018.
Prosecutor General Siddiq al-Sour in Tripoli, 14 March 2018. © Mahmud Turkia / AFP
The Tripoli prosecutor general is investigating payments made by Libya's National Oil Company to a Dubai-based firm called BGN International. The several million dollars paid out were allegedly due to be used as a financing tool by the Haftar clan that dominates the east of the country. [...] (586 words)
Issue dated 21/02/2023 Reading time 3 minutes
Energy

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Further reading
The Governor of the Libyan Central Bank (LCB) Al Seddik Omar al-Kabir. © Hazem Ahmed/FW1F/Andrew Heavens/Reuters
Inner circles
LIBYA Politics 18/02/2022

Central Bank of Libya at heart of battle between Dabaiba and Bachagha 

With billions of dollars of oil revenues in its coffers, the politically powerful Central Bank of Libya has been presided over for a decade by the unbudgeable Al Seddik Omar Al Kabir. It recently began the process of reuniting with its breakaway branch in eastern Libya and found itself straight away in the middle of the tug-of-war between Abdelhamid Dabaiba and Fathi Bachagha for the premiership.

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