Friday, April 29, 2011

US Authorizes Oil Transactions with Libyan Rebels

The United States on Wednesday authorized Americans to buy oil from Libyan rebels, easing sanctions to open a stream of funding to opponents of Libyan strongman Moamer Kadhafi.

The US Treasury specifically authorized transactions with Qatar Petroleum and the Vitol Group "related to oil, gas, or petroleum products exported from Libya under the auspices of the Transitional National Council of Libya."

Buyers must report the transactions to the Treasury Department and provide information to show that the Libyan government or others under sanctions derive no benefit, the Treasury Department statement said...'


No comments:

Post a Comment

Thanks for your comment it is much appreciated.