Libya’s Prime Minister Abdul Hamid Dbeibah ordered the termination of an oil development agreement involving Arkenu, citing transparency concerns and public criticism. The deal, linked to the National Oil Corporation (NOC), faced scrutiny over management of oil resources. Officials said the decision aims to protect public funds and ensure accountability. Authorities also directed oversight bodies to review related contracts and take legal action if violations are identified.
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Libya Ends Arkenu Oil Deal
Business
06/04/2026
Libya’s Prime Minister Abdul Hamid Dbeibah ordered the termination of an oil development agreement involving Arkenu, citing transparency concerns and public criticism. The deal, linked to the National Oil Corporation (NOC), faced scrutiny over management of oil resources. Officials said the decision aims to protect public funds and ensure accountability. Authorities also directed oversight bodies to review related contracts and take legal action if violations are identified.
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