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The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has issued a new general license, extending authorization until May 1 for transactions necessary to negotiate and conclude conditional agreements related to the sale of Lukoil International.
The U.S. Office of Foreign Assets Control (OFAC) has temporarily permitted the purchase, sale, delivery, and unloading of Iranian oil loaded before March 20, with the Trump administration easing sanctions on certain Iranian oil stockpiles.
The Serbian Oil Industry (NIS) has submitted a new application to the US Treasury Department’s Office of Foreign Assets Control (OFAC) for a special operating license, as its existing license is set to expire on March 20th.
The US Office of Foreign Assets Control (OFAC) has extended MOL's license to negotiate the acquisition of a majority stake in Serbia's Naftna industrija Srbije (NIS) until May 22, 2026, following the passing of the deadline for Russians to divest their shares.
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has extended the operating license for the Serbian Oil Industry (NIS) until April.
The US Office of Foreign Assets Control (OFAC) today extended the deadline for the sale of Russian company Lukoil's assets abroad until April 1.
The deadline set by the US Office of Foreign Assets Control (OFAC) in December for Russians to negotiate the sale of their stake in Serbia's Naftna industrija Srbije (NIS) expires tonight, March 24, according to local time.
Serbian President Aleksandar Vučić announced that he has not received confirmation regarding the extension of the NIS refinery license by the US Office of Foreign Assets Control (OFAC). He described the situation as very difficult, indicating potential challenges for the refinery.