Middle East Economic Survey

VOL. LIV

No 48

28-Nov-2011

LIBYA

US Treasury Unfreezes Libyan Oil Companies, Other Entities

The US Treasury’s Office of Foreign Assets Control (OFAC) announced on 18 November that it had unfrozen the assets of Libyan entities, including 15 oil companies and 27 others. They had been subject to sanctions as the National Transitional Council (NTC) struggled to wrest the country from Qadhafi loyalists, but with Colonel Mu'ammar al-Qadhafi’s death...