Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

US allows oil deals with Libya's TNC  Join our daily free Newsletter

MENAFN - - 29/04/2011

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fqn_news_story_s.aspx%3fstoryid%3d1093410241 Share This Article: http%3a%2f%2fwww.menafn.com%2fqn_news_story_s.aspx%3fstoryid%3d1093410241 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN) US Ambassador to Libya, Gene Cretz, said that the US government would take the needed procedures to help Libyan opposition by authorizing international oil deals with the Transitional National Council (TNC), reported Arab News.

Cretz added that although the group didn't gain a full diplomatic recognition, it proved it was a political organization that worth the States' support and by helping them in exporting oil, millions of dollars would be added to the rebels' funds.

He also said that Qatar Petroleum consented to market oil for the council, whereas the Treasury Department's Office of Foreign Assets Control would cover oil transactions, adding that the first major oil shipment tanker from rebel held territory would arrive in Singapore this week before heading to China.

It is worth noting that US President Barack Obama approved the release of up to USD25 million in nonlethal US supplies to support groups protecting civilians threatened by Muammar Qaddafi's forces including the TNC. The assistance that might include items like radios and military uniforms, comes atop some USD47 million in US emergency relief aimed at easing the humanitarian crisis caused by Libya's conflict.

 






  MENA News Headlines
Jun 19 2013Gamer outrage prompts Xbox One policy changes ,AFP
(MENAFN - AFP) Microsoft handed gamers a victory by backing off plans for new-generation Xbox One consoles to require Internet connections and put restrictions on playing second-hand game ...

Jun 19 2013EU faces tough talks on bank sector reform, bailouts ,AFP
(MENAFN - AFP) Eurozone finance ministers meet Thursday amid sharp differences over banking sector reforms -- trying to resolve whether taxpayers or creditors pay for future bailouts. The goal is ...

Jun 19 2013Microsoft mulled buying Nokia unit ,AFP
(MENAFN - AFP) Microsoft was in talks to boost its position in the mobile phone market by buying the devices business from Nokia but failed to seal a deal, the Wall Street Journal reported ...

Jun 19 2013EU closes in on deal on contested budget but MEPs wary ,AFP
(MENAFN - AFP) After months of tough negotiations, the EU executive, the member states and the parliament thrashed out a possible compromise on a trillion-euro budget Wednesday to cover European ...

Jun 19 2013Tesla recalls Model S cars over problem weld ,AFP
(MENAFN - AFP) Electric sports car maker Tesla announced a recall Wednesday for some of its Model S vehicles over possible weak welds on back seats. The recall applies to versions of the four-door ...

Jun 19 2013New York's poor get urban farm in bid to fight obesity ,AFP
(MENAFN - AFP) New York unveiled a giant vegetable garden Wednesday in the Brooklyn borough's largest public housing development, in a bid to fight a growing obesity epidemic among the poor. The ...

Jun 19 2013Doctors urge access to Guantanamo hunger strikers ,AFP
(MENAFN - AFP) More than 150 doctors from the United States and Britain have written to President Barack Obama urging him to grant independent medical care to hunger-striking Guantanamo ...

Jun 19 2013Kim Dotcom slams Megaupload 'data massacre' ,AFP
(MENAFN - AFP) Megaupload founder Kim Dotcom Thursday condemned a Dutch company's decision to delete million of files belonging to users of his defunct website, calling it "the largest data ...

Jun 19 2013FedEx profits rise 7% despite tepid global economy ,AFP
(MENAFN - AFP) Global package delivery giant FedEx Wednesday reported a seven percent increase in quarterly profits, as increased volumes of some North American deliveries offset declines in some ...

Jun 19 2013Commerzbank confirms to axe over 5,000 jobs ,AFP
(MENAFN - AFP) Management and employees' representatives at Commerzbank, Germany's second-biggest bank, reached agreement Wednesday on cutting over 5,000 jobs during the next three ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help