Oilinvest BV, the Dutch-registered company behind the Libyan state oil company Tamoil, has been on the US government’s terrorist list for 13 years, the Volkskrant reports on Saturday.

Oilinvest moved its headquarters to the Netherlands in 1988 for tax reasons despite the company and one of its executives being on the black list, the paper says.
‘The recent Libyan expansion towards western Europe increases Gaddafi’s opportunities to stimulate and finance terrorist activities,’ the paper quotes US civil servant Richard Newcomb as saying. Newcomb is responsible for placing Oilinvest and seven other companies as well as 21 individuals on the terror list.
Oilinvest’s parent company, Oilinvest International NV, is based on the Dutch Antilles and has been on the terror list since 1994.
The company is not included on the European Union’s ‘freeze list’ which only includes firms convicted of crimes. The US list is compiled on the basis of suspicions, the paper states.
If Oilinvest had been on the freeze list, it would not have been able to operate here.