The U.S. Government today eased economic sanctions imposed against Libya by authorizing the purchase of oil and other energy sources that are produced in areas controlled by the National Transitional Council (CNT). The Treasury Department said that U.S. companies can transact with Qatar Petroleum and Vitol Group, the largest oil trading company in the world, related to oil, gas or petroleum products are exported to Libya under the "auspices" of CNT and provided the regime of Moammar Gadhafi does not receive "any benefits." Qatar has agreed to sell the Libyan oil on behalf of the Libyan rebels, a way of providing finance to the U.S.
strongly supports this decision. The U.S. government froze in February 34 billion dollars in assets and funds belonging to Gadhafi, his family and senior officials and economic sanctions included 14 branches of the National Oil Company of Libya, which Washington considers the main financial source the regime.
Of sanctions is exempt from the Arab Gulf Oil Company (AGOCA), the second largest state oil company owned Libyan National Oil Company of Libya, which operates in areas controlled by the CNT and is under the influence, according to the Treasury. The Government of Barack Obama said specifically that U.S.
companies can now apply for special permits to trade and to support and facilitate trade in these products with the CNT or transactions related to the production of these energy sources if they come from sites dominated Libyans by the rebels. 
strongly supports this decision. The U.S. government froze in February 34 billion dollars in assets and funds belonging to Gadhafi, his family and senior officials and economic sanctions included 14 branches of the National Oil Company of Libya, which Washington considers the main financial source the regime.
Of sanctions is exempt from the Arab Gulf Oil Company (AGOCA), the second largest state oil company owned Libyan National Oil Company of Libya, which operates in areas controlled by the CNT and is under the influence, according to the Treasury. The Government of Barack Obama said specifically that U.S.
companies can now apply for special permits to trade and to support and facilitate trade in these products with the CNT or transactions related to the production of these energy sources if they come from sites dominated Libyans by the rebels.
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