A seagull flies in front of an oil platform in the Bouri Oilfield some 70 nautical miles north of the coast of Libya, October 5, 2017. to impose sanctions on three individuals and Alwefaq Ltd, a Malta-based company allegedly smuggles fuel and drugs from Libya to Malta.
The NOC said the network of smugglers "have contributed significantly to destabilising the country," adding it will continue to monitor all smuggling operations in various regions of Libya."[We] will continue to submit reports to the Office of the Attorney General and the Sanctions Committee of the Security Council and follow up legal procedures to hold accountable those involved in these illegal act," said the statement released on NOC's Facebook page.
Today, the U.S. imposed financial sanctions on a network of smugglers contributing to instability in Libya and depriving the Libyan people of economic resources. We will continue to take concrete actions in response to those who undermine Libya’s peace, security, or stability."Faysal al Wadi and his associates have smuggled fuel from Libya and used Libya as a transit zone to smuggle illicit drugs," US Treasury Department's Deputy Secretary Justin G. Muzinich said in a statement.
The department noted that Hurd’s Bank is a well-known geographic transfer location for illicit maritime transactions.Libya, with the largest oil reserves in Africa, can produce 1.2 million barrels of crude oil per day. However, production has fallen below 100,000 barrels a day due to interruptions by pro-Haftar militias over the past six months.
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