US OFAC licence cover expires for Russian oil cargoes loaded on or before 17 April
→Oil traders and vessel-service teams lose OFAC licence cover after 16 May
Oil & Gas
163 briefs
OFAC adds Iraq-linked individuals and oil-service firms to SDN List
→Sanctions teams must screen new SDNs, aliases and Linked To relationships
Norway opens 70 offshore oil-and-gas exploration areas
→Offshore licensing teams must file by 1 September to compete for Norwegian acreage
OPEC+ raises June oil output quotas by 188,000 barrels per day
→Trading desks must reprice June term contracts against the new OPEC+ quota
India bars PNG-connected households from domestic LPG refills
→LPG distributors must block domestic refills for PNG-linked accounts
OFAC issues GL 131E for Lukoil contract negotiations
→Sanctions teams may negotiate defined Lukoil sale contracts under GL 131E only
OFAC adds Iran-linked refinery network to SDN List
→Screening teams must block newly listed Iran-linked refinery parties immediately
US blocks two offshore wind projects with oil reinvestment refunds
→Wind developers must redirect refund recovery into oil and gas reinvestment
UAE exits OPEC and OPEC+ from May 1
→Oil traders must reassess Gulf supply outside OPEC quota discipline
US sanctions China refinery and 40 shippers over Iranian oil
→Operators must screen out listed China refinery and 40 vessel SDNs immediately
EU broadens vessel-related sanctions criteria under Russia measures
→Ship operators face EU designation for supporting Russia-linked sanctioned vessels
India expands aviation fuel definition to include ethanol blends
→ATF suppliers must certify fuels to IS 17081 before supply or risk seizure