Libya’s National Oil Corporation (NOC) is grappling with mounting unpaid bills as payments for fuel imports have been suspended, raising concerns over an escalating crisis in the country’s energy sector.

The suspension comes as the Central Libyan Bank struggles to reach a new financing agreement with the committee responsible for managing the sector’s funds. Without a resolution, the situation risks becoming critical, threatening Libya’s fuel supply stability.

Industry insiders reveal the ongoing standoff is complicating the importation of essential fuel supplies. A source close to the matter noted, “The lack of agreement on financing mechanisms is directly impacting the NOC’s ability to pay suppliers, which could soon disrupt fuel availability across the country.”

The National Oil Corporation, which plays a vital role in Libya’s energy infrastructure, now finds itself under increasing pressure as the Central Bank and overseeing committees remain deadlocked.

Observers warn that the ongoing impasse could exacerbate existing economic difficulties and strain Libya’s energy security at a time when the country faces heightened political and security challenges.