BENGHAZI, Libya, May 3 (UPI) -- Oil revenue generated from sales from Libyan rebels will fund economic and other social services for the Libyan people, a transitional council stated.
The U.S. Office of Foreign Assets Control last week announced that transactions involving Qatar Petroleum or international oil trader Vitol and the rebel-backed National Transitional Council are permitted, provided the entity in Libya is under the control of the rebel-backed leadership.