• Wednesday, 16 May, 2012

UN sanctions Libya’s Zueitina Oil

Libyan leader Muammar Gaddafi gestures at the end of his address to the 64th United Nations General Assembly at the U.N. headquarters in New York, September 23, 2009. Gaddafi, in his first ever address to the United Nations, on Wednesday accused the veto-wielding powers of the Security Council of betraying the principles of the U.N. charter. REUTERS/Mike Segar

No surrender: Muammar Gaddafi unlikely to be moved by new UN sanctions

MIKE SEGAR

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By Eoin O'Cinneide

 27 June 2011 21:11 GMT

The UN has moved to tighten its grip on Libyan leader Muammar Gaddafi by hitting yet another oil company with sanctions.

The body’s Security Council has also slapped sanctions on the wife of the beleaguered head of the war-torn North African country.

Zueitina Oil has been added to the list of Libyan companies under sanctions from the UN, Reuters reported.

Jose Filipe Moraes Cabral, the Portuguese UN ambassador and chairman of the UN’s Libyan Sanctions Committee, announced new sanctions at a meeting of the council but did not name the people or companies concerned.

Reuters said Gaddafi’s wife, Safina, was also hit with new sanctions which will see her assets frozen.

Zueitina was one of 14 affiliates of Libya’s National Oil Corporation which were hit with sanctions by the US as early as the end of March

It is not known why it has taken so long for the UN to follow suit: NOC lists Zueitina on its own website as an affiliate, “established in 1986 as a Libyan incorporated company to carry out the whole oil operations which was started by Occidental International back in 1966”.

Zueitina’s own website is currently not functioning.

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