Energy statement criticized amid charges and millions in losses

The article centered around the continued practice by the Ministry of Energy and Water of adopting a mechanism that allows oil tankers to be loaded before the completion of documentary credit openings and their final reinforcement. This procedure is considered to be fraught with financial and legal risks, especially as the country has suffered losses exceeding 11 million dollars due to price discrepancies and delay penalties. It also raises political and administrative responsibility concerns regarding the outcomes of this mechanism, which results in substantial losses of public funds. The ministry admitted that it followed this procedure, called "routine," before the new minister took office, raising questions about its accountability for the consequences—particularly when they lead to losses in the millions. It has been observed that this practice exposes the treasury and oil facilities to high risks and shows overlaps concerning the BASILIS L tanker and other shipments, with noted issues related to transparency and the attached documents. Furthermore, this highlights the importance of implementing strict compliance measures diplomatically and financially to ensure the protection of public funds from losses and penalties, which could reach hundreds of millions.

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