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New U.S. sanctions policies provide for Libya oil and gas licensing

  • Reed Smith LLP
  • -
  • Libya, USA
  • -
  • April 27 2011

On April 26, 2011, the U.S. Treasury Office of Foreign Assets Control (OFAC) took steps to broaden and clarify its policies for licensing petroleum transactions involving the Transitional National Council of Libya (TNC), the anti-Gaddafi opposition in eastern Libya