OFAC

The Office of Foreign Assets Control (OFAC) has extended until November 15, 2024 the license for Schlumberger, Halliburton, Baker Hughes and Weatherford to provide some oilfield services in Venezuela, the department said in a statement. The document allows these companies, as well as their subsidiaries, to conduct transactions in the …

The United States imposed sanctions against the next companies in the Russian oilfieldings, the Office of the American Ministry of Finance (OFAC) said. Velesstroy LLC, one of the largest contractors for the construction of oil and gas infrastructure, fell under the restrictions. Earlier, the company introduced a number of key …

The United States included more than 20 Russian organizations that specialize in services and research for oil, gas and chemical companies in its sanctions list on Friday, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) reported on its website. Sanctions have been extended to the following oil and …

In connection with Rosneft being included in the OFAC sectoral sanctions list, the Company is willing to state as follows: Rosneft has no influence on either political or economic processes ongoing in Ukraine. For this reason, the above-mentioned sanctions are illegitimate and groundless. Rosneft is a public company traded on …

In view of the fact that OAO NOVATEK (“NOVATEK” or the “Company”) has been listed on OFAC’s Sectoral Sanctions Identification List (the “List”), the Company hereby issues the following statement: NOVATEK is a privately listed company not conducitng any business activities in Ukraine, nor does it have any impact on …