The Central Bank of Libya announced an agreement with oil suppliers to deliver 2.5 million boxes of oil, making them available this week and next.
The Central Bank indicated the existence of open credits for oil imports worth $100 million, equivalent to 6 million boxes.
The Central Bank reported facilitating procedures related to the supply of essential commodities to compensate for the current shortage in the market.
At the beginning of the month, the Ministry of Economy announced the implementation of strict punitive measures against companies that obtained documentary credits for cooking oil without delivering the commodity to citizens.
A statement from the Ministry clarified that a technical report confirmed that only 36 companies covered the real market need for 2025. These companies obtained credits exceeding $150 million and provided 53.5% of the actual trading volume of the commodity.
