Tuesday, March 29, 2011

Libyan insurgents plan to resume oil exports

An official at the Libyan uprising said, Monday, March 28, that "active discussions" were under way for the lifting of sanctions on purchases of crude oil produced in deposits of eastern Libya, which is no longer under control regime of Muammar Gaddafi. Officials from the UN and U.S. have said that these sanctions do not apply to persons or companies that have no connection with Gaddafi.

"We hope that (they) will be lifted as soon as possible for the liberated areas," said Ali Tarhouni, a leader of the insurgents responsible for economic, financial and oil. He added that sales would be made only "with certain countries." United Nations, a diplomat from a member of the Security Council said Monday that the measures imposed by the UN on Libya did not prevent the insurgents from exporting oil provided it does not go by companies linked to Gaddafi.

No special permission of the disciplinary committee of the Security Council will be required to sell oil for insurgents, he said. An official with the U.S. Treasury Department has also declared that the insurgents could sell crude if they make their transactions outside the National Oil Corporation and other entities related to the Gaddafi regime.

Resolutions 1970 and 1973 of the Security Council imposed sanctions to Muammar Gaddafi, his relatives, the Libyan NationalOil Corporation, the Central Bank and other national companies related to the plan. For individuals, these sanctions take the form of travel bans and freezing of assets.

For companies, all their assets abroad are frozen and it is impossible for the countries to deal with them. "Until a company is not listed, it is not subject to sanctions", summed up the UN diplomat.

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