LIBYA

US Revokes Libyan Operations Licences for Oil Companies 

The US Treasury Department revoked on 29 May the special licences granted last February to the five US oil companies in Libya, which exempted them from the January Executive Order obliging all US firms to leave Libya or sell their assets to the Libyan Government or nationals (MEES, 17 February). The Treasury letter calls upon the companies to cease operations, stop lifting crude oil and halt payments to the Libyan...