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Finance approves second Oil Corp budget installment
The committee overseeing the operational budget of the National Oil Corporation, headed by Minister of Finance Rashid Abughifa, has approved the release of the second installment of funding for 2026, along with the implementation of technical controls to ensure efficient spending and the achievement of objectives. This comes within the framework of allocating 13.8 billion dinars to finance the company's operational expenses in accordance with the agreement between the two councils. The company's president pointed out that they did not receive the 2025 budget, which led to accumulated debts and a negative impact on production. The measures include reviewing financial data and ensuring transparency to guarantee sustainability. The amount of the third installment will be determined later.
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