Region | Libya
Gaddafi's oil revenues plan rebuffed
Muammar Gaddafi's plan to hand oil revenues directly to Libyans has run up against opposition from officials, state media said on Wednesday in a rare glimpse into state decision-making in the north African country.
- Agencies
- Published: 23:42 November 12, 2008
Tripoli: Muammar Gaddafi's plan to hand oil revenues directly to Libyans has run up against opposition from officials, state media said on Wednesday in a rare glimpse into state decision-making in the north African country.
Officials including Prime Minister Al Baghdadi Ali Al Mahmoudi and central bank governor Farhat Omar Bin Guidara said that the move, and a related plan to abolish most of the state apparatus, could do long term damage to the Opec member country's economy, the official Libyan news agency reported.
Gaddafi was adamant his plan was correct, Jana said. "What you want is that the... situation remains unchanged so you can keep your positions. That is the psychology that underpins your arguments," Jana quoted Gaddafi as saying at a meeting on Tuesday with senior officials including Al Mahmoudi and Bin Guidara.
Gaddafi, complaining about ineffective ministries and corrupt officials, said in March the government should hand oil wealth directly to the people so they can choose where to get basic services.
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