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عين ليبيا
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عين ليبيا

2026-08-23T16:49:18.000Z

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Presidential Council reviews oil wealth case

Presidential Council reviews oil wealth case

The Head of the Libyan Presidential Council, Mohamed El-Menfi, has referred a file to the Public Prosecutor's Office concerning UN reports that address illegal oil and petroleum product smuggling in Libya. The accusations include unlawful oil exports, smuggling, fuel trafficking, benefiting networks and entities from their revenues, and the impact of these activities on state institutions and the oil sector. The referral requests a comprehensive and independent investigation to verify the accuracy of the information, track export operations and funding, ensure that contracts and procedures comply with Libyan law, and safeguard evidence and witnesses. The focus is on Arkanu Company and related entities. The goal is to uncover the truth and recover public funds, emphasizing that the investigation is not based on prior criminal responsibility or liability. This step aims to protect the nation’s wealth and economic sovereignty.

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