• 5 minutes Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 10 minutes Iranian Sanctions - What Are The Facts?
  • 15 minutes U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 6 hours WTI @ $75.75, headed for $64 - 67
  • 2 hours Censorship has a price: Google’s CEO Defends Potential Return to China
  • 4 hours Gold price on a rise...
  • 4 hours Saudis Threaten Retaliation If Sanctions are Imposed
  • 3 hours Two Koreas: U.N. Command Wrap Up First Talks On Disarming Border
  • 2 hours $70 More Likely Than $100 - YeeeeeeHaaaaa
  • 22 mins Porsche Says That it ‘Enters the Electric Era With The New Taycan’
  • 35 mins Can the World Survive without Saudi Oil?
  • 12 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 37 mins UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 5 hours Who's Ready For The Next Contest?
  • 15 mins Saudi Crown Prince to Trump: We've Replaced All Iran's Lost Oil
  • 37 mins Mexico State Oil
Trump Insiders Ramp Up Rhetoric Against Russian Energy

Trump Insiders Ramp Up Rhetoric Against Russian Energy

Trump insiders, including hawkish chief…

U.S. Slaps Sanctions On Libyan Militia Strongman Over Oil Attacks

Ibrahim Jadhran

In what is largely seen as a win for the Libyan National Army’s (LNA) General Khalifa Haftar, the United States Treasury Department, in conjunction with the United Nations, slapped sanctions on Libyan militia strongman Ibrahim Jadhran over the June attacks on the country’s vital oil ports, according to a Wednesday afternoon press release.

“Today’s action shows that the United States and the international community will take concrete and forceful action in response to those who undermine Libya’s peace, security, or stability,” the press release read in part.

The sanctions were proposed by Libya’s Permanent Mission to the UN.

Ibrahim Jadhran, former leader of Tripoli-backed Petroleum Facilities Guard (PFG), now finds himself on the wrong end of both the United Nations and the United States. Today’s sanctions block all of Jadhran’s assets that are under the jurisdiction of the United States, and prohibit any US citizen from engaging in any transactions with him. In addition to the financial aspects, Jadhran will be subject to an asset freeze and travel ban from all UN members.

The UN and US backing of this Libyan-led sanction proposal is a clear indication that General Haftar now has the full backing of the international community.

While the official Treasury Department press release makes no mention of General Haftar, the move is a clear win for the General who has—with great difficulty—held Libya’s oil industry together during turbulent times as various factions and militias, including Jadhran, seek to control the country, which means controlling its lucrative oil industry.

General Haftar, arguably the strongest force in Libya, likely represents Libya’s best hope for resuming normal oil output—even if he is viewed by many as another Gaddafi. The warring factions have led to a power vacuum in Libya, opening the door for the ISIS-claimed attacks on oil infrastructure earlier this week that left five dead and ten injured. Today’s sanctions may better position General Haftar to stabilize the country’s oil industry.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Dan on September 13 2018 said:
    I love the bit about "to those who undermine Libya’s peace, security, or stability" - Obama and Hillary Clinton and USA literally destroyed peace, security, stability, killed thousands of people, murdered their leader in the streets, removed a no-interest monetary system and installed debt money etc.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News