VOL. XXXIV

NO. 44

5-AUGUST-1991

Libya

US Adds Oilinvest and Holborn to the Embargo

The US Treasury Department announced on 1 August that it is adding Libya'sdownstream oil groups, Oilinvest and Holborn, along with six other companiesin Malta and 21 individuals, to the trade embargo which the US imposed againstLibya in January 1986. All of the assets of the companies and the individualswithin US jurisdiction, including overseas branches of US banks, have beenblocked and all economic transactions...