Business Recorder - Markets - Energy https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 13:49:07 +0500 Thu, 13 Aug 2026 13:49:07 +0500 60 US hits Libya state oil co. units with sanctions https://www.brecorder.com/news/8202/us-hits-libya-state-oil-co-units-with-sanctions <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/mar/oil-libya-400.jpg" width="400" height="300" />WASHINGTON: The United States placed sanctions on 14 firms controlled by Libya's state oil company on Tuesday, tightening a financial noose on a key source of funds for the Moamer Qadhafi regime.</p> <p class="MsoPlainText">"The Libyan National Oil Corporation has been a primary funding source of  the Qadhafi regime," Adam Szubin, director of the US Treasury's Office of  Foreign Assets Control, said in a statement.</p> <p class="MsoPlainText">"Consistent with UN Security Council Resolution 1973, all governments should block the National Oil Corporation's assets and ensure that Qadhafi cannot use this network of companies to support his activities."</p> <p class="MsoPlainText"><Center /><b><i>Copyright AFP (Agence France-Presse), 2011</b></i></center></p> WASHINGTON: The United States placed sanctions on 14 firms controlled by Libya's state oil company on Tuesday, tightening a financial noose on a key source of funds for the Moamer Qadhafi regime.

"The Libyan National Oil Corporation has been a primary funding source of  the Qadhafi regime," Adam Szubin, director of the US Treasury's Office of  Foreign Assets Control, said in a statement.

"Consistent with UN Security Council Resolution 1973, all governments should block the National Oil Corporation's assets and ensure that Qadhafi cannot use this network of companies to support his activities."

Copyright AFP (Agence France-Presse), 2011

]]> Markets https://www.brecorder.com/news/8202 Tue, 22 Mar 2011 21:29:29 +0500 none@none.com (Syed Murtaza Gheblehzadeh)