Libyan fuel imports have accumulated debts of up to $1 billion, and supplies may face risks.

According to informed sources, it has been revealed that Libya has accumulated approximately $1 billion in debt to fuel suppliers after controversial oil-for-goods program was terminated three months ago. Two anonymous sources stated that if the state-owned National Oil Corporation (NOC) does not promptly repay the debt, the amount owed may double by the end of the year. In this politically unstable country, NOC's solvency crisis may lead to disruptions in gasoline and other refined oil supplies. Despite having the largest oil reserves in Africa, Libya heavily relies on imported refined oil due to its insufficient refining capacity. Previously, NOC was able to avoid immediate cash payments through a mechanism of crude oil exchanges for refined fuel. However, the country's audit office recently halted this system citing inefficiency.