BP ceases business deals with Tamoil after sanctions

BP is halting all business with Libyan-controlled oil company Tamoil, and declaring force majeure on all oil and product deliveries because of United Nations sanctions that aim to remove financing for Libyan leader Muammar Gaddafi, Reuters reports referring to its source in the company.

Tamoil is not named on either U.S. or European Union lists of sanctions, and has previously said it would not be affected by international measures taken to cut off funds for Gaddafi's regime.

The force majeure will be applied to all oil products supplied by the Libyan oil company such as transport fuels. BP confirmed a legal challenge against the move had been presented by Tamoil to a court in Germany but declined to comment further.