Article
OFAC Eases Restrictions On Investment In South Sudan’s Petroleum And Petrochemical Industries
On December 8, 2011, the Department of the Treasury, Office of Foreign Assets Control (OFAC) amended the Sudanese Sanctions Regulations (SSR) to add general licenses authorizing almost all activities and transactions relating to the petroleum and petrochemical sectors in the Republic of South Sudan and transshipments of goods, technology, and services through Sudan to and from South Sudan without the need to apply for individual licenses.
Vinson & Elkins LLP
