Energy Headlines Libya

Libya: US Treasury Slaps Sanctions on Oil Smugglers

The US Treasury has imposed new sanctions, including asset freeze, on several entities and individuals from Libya, Egypt and Malta believed involved in the smuggling of Libyan oil. The new sanctions from the Treasury’s Office of Foreign Assets Control (OFAC) have targeted six people, twenty-four companies and seven vessels. Assets belonging to targeted individuals and […]

Europe Headlines International Libya

Libya: Italy Suspects ISIS-Mafia Oil Smuggling Deal

Libya’s increasing oil exportations are beginning to raise eyebrows in Italy as authorities believe that the mafia is linking up with extremist groups loyal to the Islamic State group to smuggle crude oil from the Middle East into Italy. As Libya has been in turmoil for the past six years, it was, along with Nigeria, […]