EU Extends Asset Freeze On Libya Oil Firms

EU Extends Asset Freeze On Libya Oil Firms
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Πεμ, 24 Μαρτίου 2011 - 18:27
The European Union extended its asset freeze on some Libyan energy companies, aligning its sanctions to those agreed by the United Nations Security Council last week and clarifying doubts about the inclusion of certain firms, its Official Journal showed Thursday.
The European Union extended its asset freeze on some Libyan energy companies, aligning its sanctions to those agreed by the United Nations Security Council last week and clarifying doubts about the inclusion of certain firms, its Official Journal showed Thursday.

E.U. governments froze the assets of Azzawia Refining, Ras Lanuf Oil and Gas Processing Co., or RASCO, Brega, Sirte Oil Co. and Waha Oil Co., all subsidiaries of
Libya 's National Oil Corp., or NOC, whose assets were also included, the Journal showed.

The EU didn't hit other NOC units such as Tamoil, an oil refining company with sizeable operations in
Italy and Germany . However, the list is under constant review, and more companies could be included soon, an EU official said.

The EU decided Wednesday that it would publish fresh sanctions on
Libya this week, including an asset freeze on companies and people covered by the U.N. Security Council resolution 1973 as well as other oil firms.

Among the companies targeted by the U.N. resolution that weren't already subject to EU measures are NOC and some commercial airlines.

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