UN sanctions don't ban Libya rebel oil sales-envoys

Mon Mar 28, 2011 6:43pm GMT

* No states notified UN panel of plans to buy Libyan oil

* Rebel-held oil firm Agoco seen under UN sanctions-envoy

By Louis Charbonneau

UNITED NATIONS, March 28 (Reuters) - U.N. sanctions on Libya do not bar anti-government rebels from exporting Libyan oil as long as they bypass firms linked to leader Muammar Gaddafi, U.N. diplomats said on Monday.

"There is no U.N. embargo on Libyan oil," a U.N. Security Council diplomat told Reuters on condition of anonymity. "The rebels can sell oil. But they can't do it through the Libyan National Oil Corporation."

No special permission would be needed from the Security Council's Libya sanctions committee, which oversees compliance with the sanctions, for the rebels to sell oil, envoys said.

U.N. Security Council resolutions 1970 and 1973 slapped sanctions on Gaddafi, his family and inner circle, the Libyan National Oil Corporation, the central bank and other Libyan firms linked to Gaddafi.

For individuals, the sanctions take the form of travel bans and asset freezes. For firms, all of their assets abroad are to be frozen and countries are forbidden from engaging in any transactions with them.

"As long as a company's not on the list, it's not sanctioned, and it can do business," a diplomat said.   Continued...

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