Gaddafi urges Libyans to back his income oil plan

TRIPOLI (Reuters)


Officials including Prime Minister Al-Baghdadi Ali al-Mahmoudi and Central Bank Governor Farhat Omar Bin Guidara had told Gaddafi in November the move could do long-term damage to the OPEC member country’s economy.

“Do not be afraid to take directly the oil money and the responsibility to create the right government structures that further the interests of the people,” Gaddafi told representatives of Libya’s Basic People Congresses (LBPCs).

LBPCs are the backbone of Libya’s Jamahiriya regime. They are effectively the country’s top executive and legislative bodies. They represent people at district and village levels across the country and vote laws and government’s policy.

But in practice, Gaddafi decides on key policy, particularly on oil.

Reuters