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Libya: New measures to tackle $9bn fuel racket
National Oil Corporation (NOC) has launched a new anti-smuggling policy after an earlier effort to stamp out the illegal trade in diesel and gasoline across Libya’s borders was allegedly blocked by complicit officials close to the office of the prime minister. One credible estimate suggests that the abuse has cost the Libyan economy at least $1.8bn/yr for the past five years and for this reason tackling the problem has become one of NOC chairman Mustafa Sanalla’s top priorities.
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